Needham analyst Mayank Tandon reiterated a Buy rating on Grid Dynamics Holdings (GDYN) today and set a price target of $22.00. The company’s shares closed last Thursday at $14.40.
According to TipRanks.com, Tandon is a 5-star analyst with an average return of 22.5% and a 63.1% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Duck Creek Technologies, and Bottomline Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Grid Dynamics Holdings with a $19.20 average price target, implying a 33.5% 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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The company has a one-year high of $16.85 and a one-year low of $6.30. Currently, Grid Dynamics Holdings has an average volume of 121.3K.
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.
