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Why Grid Dynamics Soared 26% on Friday

·2 min read
Why Grid Dynamics Soared 26% on Friday
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  • GDYN

Shares of Grid Dynamics Holdings (NASDAQ: GDYN) soared on Friday after the company reported quarterly results after the closing bell on Thursday. After the close on Thursday, Grid Dynamics released its financial results for the third quarter, which covered the three months ending in September. The company also got an upgrade from an analyst at Needham & Company, which raised its price target to $45 a share and labeled the stock a buy.