Cantor Fitzgerald Maintains Overweight on Grid Dynamics Holdings, Lowers Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
Cantor Fitzgerald analyst Josh Siegler has maintained an Overweight rating on Grid Dynamics Holdings (NASDAQ:GDYN) but lowered the price target from $17 to $14.
July 20, 2023 | 1:38 pm
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NEUTRAL IMPACT
Cantor Fitzgerald has maintained an Overweight rating on Grid Dynamics Holdings but lowered the price target from $17 to $14.
The news is directly about Grid Dynamics Holdings (GDYN). The Overweight rating indicates that Cantor Fitzgerald expects the stock to outperform the market, which is positive. However, the lowering of the price target from $17 to $14 could be seen as a negative signal, indicating that the analyst expects the stock to rise, but not as much as previously thought. This mixed signal is why the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100