Susquehanna Issues Positive Forecast for Kyndryl (NYSE:KD) Stock Price

Kyndryl (NYSE:KD) had its target price hoisted by equities research analysts at Susquehanna from $33.00 to $40.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 23.15% from the stock’s previous close.

KD has been the subject of several other research reports. Bank of America assumed coverage on Kyndryl in a research note on Friday. They set a “buy” rating and a $40.00 target price for the company. Oppenheimer boosted their price objective on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Kyndryl has a consensus rating of “Buy” and an average target price of $33.00.

Kyndryl Stock Up 13.8 %

Shares of NYSE KD opened at $32.48 on Friday. The business has a 50-day moving average of $24.59 and a two-hundred day moving average of $25.09. The company has a market capitalization of $7.54 billion, a price-to-earnings ratio of -83.28, a price-to-earnings-growth ratio of 6.76 and a beta of 1.63. Kyndryl has a 1 year low of $17.64 and a 1 year high of $33.26. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Trading of Kyndryl

Large investors have recently bought and sold shares of the business. Tidal Investments LLC raised its holdings in shares of Kyndryl by 240.7% in the first quarter. Tidal Investments LLC now owns 55,778 shares of the company’s stock valued at $1,214,000 after buying an additional 39,408 shares during the last quarter. SG Americas Securities LLC acquired a new position in Kyndryl in the 2nd quarter valued at about $1,418,000. Acadian Asset Management LLC purchased a new stake in Kyndryl during the 1st quarter valued at approximately $26,000. International Assets Investment Management LLC lifted its position in Kyndryl by 2,035.3% during the 3rd quarter. International Assets Investment Management LLC now owns 40,100 shares of the company’s stock worth $921,000 after acquiring an additional 38,222 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Kyndryl by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 25,913,034 shares of the company’s stock valued at $563,868,000 after purchasing an additional 81,826 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

About Kyndryl

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.