Grid Dynamics price target raised to $22 from $19 at TD Cowen

TD Cowen analyst Bryan Bergin raised the firm’s price target on Grid Dynamics (GDYN) to $22 from $19 and keeps a Buy rating on the shares. The firm met with management where the CFO affirmed their positive view on shares. Cowen walked away with added comfort on the company’s growth recovery as it enters 2025 and continue to believe it sets up well to recover among the fastest in Services.