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Grid Dynamics Holdings, Inc. (GDYN), together with its subsidiaries, provides enterprise-level digital transformation services for Fortune 1000 corporations in the United States, and Central and Eastern European countries. 
It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms.
The company offers technical consulting, software design, development, testing, and internet service operations services. It serves customers that operate in the retail, technology and media, consumer packaged goods/manufacturing, and financial services sectors.
Shares have formed a bullish "cup and handle" and are expected to move higher from this formation. On August 5th, Grid Dynamics reported 2nd Quarter June 2021 earnings of $0.10 per share on revenue of $47.7 million. The consensus earnings estimate was $0.06 per share on revenue of $41.5 million. Revenue grew 113.1% on a year-over-year basis.
The company said it expects third quarter revenue of $50.0 million to $51.5 million and now expects 2021 revenue of $189.0 million or more. The company's previous guidance was 2021 revenue of $165.0 million. The current consensus revenue estimate is $42.47 million for the quarter ending September 30, 2021 and revenue of $166.83 million for the year ending December 31, 2021. The company reports on November 4th.
Entry Point: $29.95
Stop Loss: $28.50
Trading Range: $7.61 to $32.685
Target Price: $33.00
