13 Best Tech Stocks Under $10 to Invest In

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11. Grid Dynamics Holdings Inc. (NASDAQ:GDYN)

Stock Price: $8.00

Potential Upside: 75%

Number of Hedge Fund Holders: 12

Grid Dynamics Holdings Inc. (NASDAQ:GDYN) is one of the best tech stocks under $10 to invest in. On September 25, Needham analyst Mayank Tandon reiterated a Buy rating on the stock with an unchanged price target of $15. The analyst emphasized that the company’s strategy of integrating artificial intelligence across its operations is a significant driver of growth. As economic conditions improve, clients are expected to increase IT budgets, creating a more favorable environment for demand.

Tandon highlighted that management’s comments in recent investor meetings have strengthened confidence in the company’s execution and ability to benefit from ongoing AI adoption. Grid Dynamics also maintains a strong financial position, with cash accounting for nearly half of its market capitalization. This liquidity provides it with stability and flexibility to pursue growth opportunities.

The analyst further noted that valuation also supports his Buy rating. The stock trades at around 5.5 times the enterprise value to projected fiscal 2026 EBITDA, an attractive valuation compared to its peers. Lastly, Tandon highlighted that the company’s limited exposure to H-1B visa costs further reduces risk, particularly as industry expenses rise.

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) provides digital transformation and technology consulting services. Its offerings include cloud migration, data analytics, AI-driven solutions, and software engineering for large global enterprises.

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