Grid Dynamics Holdings (GDYN) Stock Overview
Provides enterprise artificial intelligence and digital transformation services in North America, Europe, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
GDYN Community Fair Values
Create NarrativeSee what 25 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Grid Dynamics Holdings, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.85 |
| 52 Week High | US$10.21 |
| 52 Week Low | US$5.11 |
| Beta | 0.89 |
| 1 Month Change | 2.48% |
| 3 Month Change | 22.08% |
| 1 Year Change | 4.67% |
| 3 Year Change | -32.85% |
| 5 Year Change | -73.96% |
| Change since IPO | -32.96% |
Recent News & Updates
Narrative Update • Aug 16
GDYN: AI-Led Coding Advances Will Pressure Future Earnings Power
Analysts nudged the fair value estimate for Grid Dynamics Holdings higher, with the implied price target rising by $1.00 to $9.00. They cited recent price target increases from TD Cowen and JPMorgan, along with research that points to slightly firmer revenue growth, margins, and a higher assumed future P/E multiple.Analysis Article • Aug 07
Investors Can Find Comfort In Grid Dynamics Holdings' (NASDAQ:GDYN) Earnings Quality
The market for Grid Dynamics Holdings, Inc.'s ( NASDAQ:GDYN ) shares didn't move much after it posted weak earnings...Narrative Update • Aug 02
GDYN: AI-Led Coding And Sector Uncertainty Will Pressure Future Returns
Analysts have lifted their price targets on Grid Dynamics Holdings to a range of $8 to $9, citing a recent earnings report that was slightly ahead of revenue and EBITDA expectations and a 3Q outlook that they say is also modestly above prior consensus, while still flagging broader sector risks and AI related pressures on IT services demand. Analyst Commentary Recent research on Grid Dynamics Holdings shows a split view, with some price target increases sitting alongside more cautious commentary.Recent updates
Narrative Update • Aug 16
GDYN: AI-Led Coding Advances Will Pressure Future Earnings Power
Analysts nudged the fair value estimate for Grid Dynamics Holdings higher, with the implied price target rising by $1.00 to $9.00. They cited recent price target increases from TD Cowen and JPMorgan, along with research that points to slightly firmer revenue growth, margins, and a higher assumed future P/E multiple.Analysis Article • Aug 07
Investors Can Find Comfort In Grid Dynamics Holdings' (NASDAQ:GDYN) Earnings Quality
The market for Grid Dynamics Holdings, Inc.'s ( NASDAQ:GDYN ) shares didn't move much after it posted weak earnings...Narrative Update • Aug 02
GDYN: AI-Led Coding And Sector Uncertainty Will Pressure Future Returns
Analysts have lifted their price targets on Grid Dynamics Holdings to a range of $8 to $9, citing a recent earnings report that was slightly ahead of revenue and EBITDA expectations and a 3Q outlook that they say is also modestly above prior consensus, while still flagging broader sector risks and AI related pressures on IT services demand. Analyst Commentary Recent research on Grid Dynamics Holdings shows a split view, with some price target increases sitting alongside more cautious commentary.Narrative Update • Jul 15
GDYN: AI Coding Pressure And Index Removals Will Shape A Measured Outlook
Analysts have trimmed their fair value estimate for Grid Dynamics Holdings from $7 to $6, citing lower price targets around $8 and growing concern that geopolitical uncertainty and rapid progress in AI-led coding could pressure sector demand and profitability assumptions. Analyst Commentary Recent research on Grid Dynamics Holdings points to a more cautious stance, with several bearish analysts reworking their models and signaling increased concern around the stock's risk profile.Narrative Update • Jul 01
GDYN: AI-Led Coding Headwinds Will Set Up A Future Rebound
Analysts have trimmed their fair value estimate for Grid Dynamics Holdings stock from $9.00 to $7.00, citing slower projected revenue growth, softer profit margins, and a higher assumed future P/E multiple as they reassess the impact of AI led coding and a more cautious demand backdrop on the IT services group. Analyst Commentary on Grid Dynamics Holdings Recent research on Grid Dynamics Holdings highlights a more cautious tone, with several bearish analysts rethinking their stance on the stock in light of AI led coding trends and a softer demand backdrop for IT services.
Narrative Update • Jun 17
GDYN: AI-Led Coding And Azure Modernization Will Drive Future Upside
Grid Dynamics Holdings enters this Narrative Update with its analyst price target now referenced at $8, as analysts highlight a tougher demand backdrop for IT services and growing uncertainty about how rapid progress in AI-led coding could affect client spending decisions. Analyst Commentary Recent research on Grid Dynamics Holdings centers on how AI-led coding and a softer demand backdrop for IT services could affect the company’s growth profile, execution risk, and valuation support at the current US$8 price target.Narrative Update • Jun 02
GDYN: AI-Led Engagements And Vertical Diversification Will Support Future Upside
Narrative update Analysts have trimmed their price targets on Grid Dynamics Holdings to a range of $8 to $12, citing lower sector valuation multiples, a cautious view on IT services demand, and the potential impact of accelerating AI-led coding on traditional project work. Analyst Commentary Recent research on Grid Dynamics highlights a split view, with some analysts focusing on execution in AI projects and others emphasizing valuation pressure and demand risk across IT services.Narrative Update • May 16
GDYN: AI Engagements And Diversifying Verticals Will Support Future Upside Potential
Analysts have trimmed the price target on Grid Dynamics Holdings to $9.00 from $10.60, reflecting lower fair value estimates and slightly softer assumptions for revenue growth, profit margins, and future P/E multiples following recent research that cites multiple compression and cautious near term IT spending trends. Analyst Commentary Recent Street research presents a mixed picture for Grid Dynamics Holdings, with analysts adjusting targets to reflect multiple compression, softer IT spending, and updated guidance.Analysis Article • May 07
Is Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Potentially Undervalued?
Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN ), might not be a large cap stock, but it saw a significant share price rise...
Narrative Update • Apr 25
GDYN: AI Engagements And Sector Multiple Compression Will Drive Future Upside Potential
Narrative Update: Grid Dynamics Holdings Price Target Revision The updated analyst price target for Grid Dynamics Holdings is set at $12, aligning with recent Street research that trims targets across the stock to a $9 to $12 range as analysts factor in multiple compression following Q4 results, recent calendar 2026 guidance, and near term billing day and IT spending headwinds. Analyst Commentary Recent Street research shows that most coverage is trimming price targets into a tighter US$9 to US$12 band, but still leaning positive on Grid Dynamics Holdings' execution and medium term potential.Narrative Update • Apr 10
GDYN: AI Engagements And Vertical Diversification Will Support Future Upside Potential
Analysts have trimmed the consolidated price target on Grid Dynamics Holdings to about $10.60 from $12.50, citing recent multiple compression across IT services peers and more cautious assumptions on growth and margins, despite solid Q4 execution and ongoing AI related momentum. Analyst Commentary Recent research highlights a mixed but generally constructive tone on Grid Dynamics Holdings, with analysts adjusting valuation frameworks while still pointing to execution in Q4 and ongoing AI related work as key drivers of interest.Narrative Update • Mar 26
GDYN: AI Engagements And Vertical Diversification Will Support Future Margin Expansion
Analysts have trimmed their 12 month price target range for Grid Dynamics to about $9 to $12, citing recent multiple compression after in line Q4 results, Q1 billing day pressures, and sector wide pressure on IT services valuations, even as AI driven engagements and vertical diversification remain key supports in their views. Analyst Commentary Recent Street research reflects a mixed but generally constructive tone, with price targets reset lower into a US$9 to US$12 band, while positive comments on execution and positioning in AI focused workstreams remain a common theme.Narrative Update • Mar 12
GDYN: AI Demand And New Partnerships Will Support Future Margin Expansion
Analysts have reduced their blended fair value estimate for Grid Dynamics Holdings to $12 from $14, citing recent multiple compression across IT services peers, despite Q4 results that were broadly in line and continued momentum in AI related work. Analyst Commentary Bullish analysts remain constructive on Grid Dynamics Holdings even as they trim fair value estimates, pointing to solid execution in recent quarters and ongoing interest in AI focused work.Narrative Update • Feb 26
GDYN: AI And Cloud Partnerships Will Offset Near Term IT Spending Headwinds
Narrative Update: Grid Dynamics Holdings Analysts have trimmed their price targets on Grid Dynamics Holdings, with one firm moving its view from $10 to $9. The change was attributed to weaker discretionary IT spending and a tougher near term setup around client budgets and billing days.New Narrative • Feb 19
AI Projects And Margin Pressures Will Challenge Progress Yet Support A Gradual Earnings Upswing
Catalysts About Grid Dynamics Holdings Grid Dynamics Holdings provides AI focused digital engineering and consulting services to large enterprises across multiple industries. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 08
GDYN: AWS AI Partnership Will Support Future Upside Potential
Analysts have maintained their fair value estimate for Grid Dynamics Holdings at $12.50. Recent adjustments to inputs such as the discount rate and forward P/E reflect updated modeling rather than a clear shift in view.Analysis Article • Feb 06
With A 29% Price Drop For Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) You'll Still Get What You Pay For
Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN ) shareholders won't be pleased to see that the share price has had a very...Narrative Update • Jan 24
GDYN: AWS AI Collaboration Will Support Future Upside
Analysts have reaffirmed their price target on Grid Dynamics Holdings at US$12.50, with minor tweaks to the discount rate and future P/E assumptions reflecting updated views on risk and earnings quality. What's in the News Entered a multi year collaboration agreement with Amazon Web Services focused on helping enterprise clients plan and scale generative AI projects, building on a 15 year relationship between the companies (Client announcement).Narrative Update • Jan 10
GDYN: AWS AI Collaboration And Buybacks Will Support Future Upside
Analysts now place the price target for Grid Dynamics Holdings at US$12.50, up from US$12.00, citing updated assumptions around revenue growth, profit margins and a lower future P/E multiple in their models. What's in the News Grid Dynamics entered a multi-year collaboration agreement with Amazon Web Services focused on helping enterprise clients build and scale generative AI solutions, using AWS cloud data and AI services together with Grid Dynamics expertise in data engineering and AI/ML (client announcement).Narrative Update • Dec 13
GDYN: AI Fears Will Fade As Margin Expansion Drives Future Upside
Analysts have modestly lowered their price target on Grid Dynamics Holdings from $15.00 to $14.00 per share, citing slightly slower expected revenue growth, offset by improving profit margins and a view that current artificial-intelligence-related valuation fears are transient. Analyst Commentary Bullish analysts note that recent coverage initiations reinforce a constructive view on Grid Dynamics, highlighting an attractive entry point relative to long term growth prospects.Analysis Article • Dec 04
Is It Too Late To Consider Buying Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)?
Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN ), is not the largest company out there, but it received a lot of attention...Narrative Update • Nov 29
GDYN: High Single Digit Organic Growth Will Offset AI Disruption Fears
Analysts have raised their price target for Grid Dynamics Holdings from $11.00 to $12.00, citing expectations that current concerns about artificial intelligence will fade. They also anticipate that the company's organic growth will accelerate to low double digits next year.Analysis Article • Nov 16
The Return Trends At Grid Dynamics Holdings (NASDAQ:GDYN) Look Promising
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Narrative Update • Nov 15
GDYN: Robust Organic Expansion Will Overcome Artificial Intelligence Disruption Fears
Analysts have lowered their price target for Grid Dynamics Holdings from $12.40 to $12.00, citing a slightly higher discount rate and ongoing concerns over artificial intelligence disruption. However, they note expectations for the company's organic growth remain positive.Seeking Alpha • Nov 05
The Bottom Fishing Club - Grid Dynamics: Underappreciated AI Pick
Summary Grid Dynamics offers cloud, database, and AI solutions/consulting, with a strong North American presence and 19-year operating history. GDYN shares have dropped 70% from their February peak due to slowing growth and falling margins, but the valuation is now at historic lows. The company holds $338 million in cash and no debt, enabling strategic AI-focused acquisitions to capitalize on potential industry growth. Technical momentum has shifted to the upside in recent trading sessions. Read the full article on Seeking AlphaNarrative Update • Nov 01
GDYN: AI Disruption Fears Will Fade As Share Buybacks Begin
Analysts have adjusted their price target for Grid Dynamics Holdings downward from $13.20 to $12.40, citing near-term growth concerns. However, they note that the company’s valuation remains attractive because of expectations for renewed organic growth in the coming year.Analysis Article • Oct 12
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Shares Could Be 41% Below Their Intrinsic Value Estimate
Key Insights The projected fair value for Grid Dynamics Holdings is US$12.86 based on 2 Stage Free Cash Flow to Equity...Narrative Update • Sep 23
Enterprise AI Expansion Will Broaden Global Markets Despite Risks
Analysts have modestly lowered Grid Dynamics Holdings' price target to $13.20, citing transitory AI-related concerns despite strong financials, attractive valuation, and an expectation of accelerating organic growth. Analyst Commentary Bullish analysts view current AI-related concerns as transitory, expecting them to dissipate over time.Analysis Article • Aug 19
The Market Doesn't Like What It Sees From Grid Dynamics Holdings, Inc.'s (NASDAQ:GDYN) Revenues Yet As Shares Tumble 25%
NasdaqCM:GDYN 1 Year Share Price vs Fair Value Explore Grid Dynamics Holdings's Fair Values from the Community and...Analysis Article • Aug 07
Statutory Profit Doesn't Reflect How Good Grid Dynamics Holdings' (NASDAQ:GDYN) Earnings Are
NasdaqCM:GDYN 1 Year Share Price vs Fair Value Explore Grid Dynamics Holdings's Fair Values from the Community and...Analysis Article • Aug 03
Earnings Beat: Grid Dynamics Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Shareholders in Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN ) had a terrible week, as shares crashed 24% to US$7.93 in...Analysis Article • Jul 30
Is Now An Opportune Moment To Examine Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)?
Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN ), is not the largest company out there, but it received a lot of attention...Analysis Article • Jul 05
Grid Dynamics Holdings, Inc.'s (NASDAQ:GDYN) Business Is Trailing The Industry But Its Shares Aren't
There wouldn't be many who think Grid Dynamics Holdings, Inc.'s ( NASDAQ:GDYN ) price-to-sales (or "P/S") ratio of 2.8x...Analysis Article • May 19
Is Now The Time To Put Grid Dynamics Holdings (NASDAQ:GDYN) On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • May 03
Grid Dynamics Holdings, Inc. Just Recorded A 44% EPS Beat: Here's What Analysts Are Forecasting Next
Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN ) just released its latest first-quarter results and things are looking...Shareholder Returns
| GDYN | US IT | US Market | |
|---|---|---|---|
| 7D | 0% | 1.3% | -0.2% |
| 1Y | 4.7% | 1.2% | 14.8% |
Return vs Industry: GDYN exceeded the US IT industry which returned 0.2% over the past year.
Return vs Market: GDYN underperformed the US Market which returned 15.5% over the past year.
Price Volatility
| GDYN volatility | |
|---|---|
| GDYN Average Weekly Movement | 7.2% |
| IT Industry Average Movement | 10.6% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: GDYN has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: GDYN's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | 4,838 | Leonard Livschitz | www.griddynamics.com |
Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise artificial intelligence and digital transformation services in North America, Europe, and internationally. The company offers artificial intelligence services, such as AI-Readiness through strategy consulting, data modernization, rapid and deployment-ready prototyping, and software development lifecycle transformation; identify AI use cases service, which deploys AI in customer-facing, operational, and knowledge management scenarios; AI infrastructure agentic systems; and enterprise AI scale, which helps enterprises gain enterprise-wide efficiency with deployment. It also provides cloud platform and product engineering services, including digital engagement, which delivers modular composable commerce platforms; IoT and edge computing, which assists manufacturers and logistics providers in implementing physical AI; and AI and data platforms.
Grid Dynamics Holdings, Inc. Fundamentals Summary
| GDYN fundamental statistics | |
|---|---|
| Market cap | US$640.09m |
| Earnings (TTM) | US$2.86m |
| Revenue (TTM) | US$422.58m |
222.5x
P/E Ratio1.5x
P/S RatioIs GDYN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GDYN income statement (TTM) | |
|---|---|
| Revenue | US$422.58m |
| Cost of Revenue | US$275.88m |
| Gross Profit | US$146.70m |
| Other Expenses | US$143.84m |
| Earnings | US$2.86m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.035 |
| Gross Margin | 34.72% |
| Net Profit Margin | 0.68% |
| Debt/Equity Ratio | 0% |
How did GDYN perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/09 04:57 |
| End of Day Share Price | 2026/09/09 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Grid Dynamics Holdings, Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Vafi | Canaccord Genuity |
| Ryan Potter | Citigroup Inc |
| Surinder Thind | Jefferies LLC |