BUZZ-Grid Dynamics surges after Q4 beat, rosy 2025 outlook

Shares of IT services firm Grid Dynamics GDYN.O jump 20.9% premarket to $24.76 after qtrly results and full-yr rev guidance surpass expectations

Shares could open at over three-year high, if gains hold, and set to snap four-session losing streak

San Ramon, California-based GDYN late Thurs posted Q4 rev of $100.3 mln, up 28.5% y/y, and adj EPS of 12 cents, beating LSEG estimates of $96.1 mln and 10 cents/sh

During the qtr, co said its pipeline of AI opportunities grew to more than 130, a 30% increase from prior qtr, and it is seeing increasing demand across its customer base to begin 2025

For 2025, co projected rev of $415-$435 mln, up to 24% growth y/y. Analysts on avg anticipated rev of $409.4 mln

TD Cowen reiterated its 'buy' rating, saying broader-based improvement underpinned by co's strategic positioning with "blue chip accounts that reflects its strong engineering/AI offering"

Needham raises its PT by $5 to $30

All 5 analysts covering GDYN are bullish with median PT of $19 - LSEG

Through Thurs close, stock down 8% YTD but up ~50% over the past 12 months