Canaccord Genuity analyst Joseph Vafi maintained a Buy rating on Grid Dynamics Holdings (GDYN) yesterday and set a price target of $20.00. The company’s shares closed last Thursday at $14.40.
According to TipRanks.com, Vafi is a top 100 analyst with an average return of 56.2% and a 70.2% success rate. Vafi covers the Technology sector, focusing on stocks such as Fidelity National Info, Paypal Holdings, and Coupa Software.
Currently, the analyst consensus on Grid Dynamics Holdings is a Strong Buy with an average price target of $18.80, a 30.7% upside from current levels. In a report issued on May 3, Cantor Fitzgerald also initiated coverage with a Buy rating on the stock with a $20.00 price target.
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Grid Dynamics Holdings’ market cap is currently $732.1M and has a P/E ratio of 74.90. The company has a Price to Book ratio of 1.56.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GDYN in relation to earlier this year.
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ChaSerg Technology Acquisition Corp. is a blank check company, which engages in the capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses. The company was founded on May 21, 2018 and is headquartered in La Jolla, CA.
