Kardigan (NASDAQ:KARD) Upgraded to “Strong-Buy” at UBS Group

Posted by Chris Copeland on Oct 14th, 2026

UBS Group upgraded shares of Kardigan (NASDAQ:KARD – Free Report) to a strong-buy rating in a research report released on Monday,Zacks reports.

A number of other research analysts have also recently commented on KARD. Zacks Research upgraded Kardigan to a “hold” rating in a report on Wednesday, July 15th. Jefferies Financial Group initiated coverage on Kardigan in a research report on Monday, July 13th. They issued a “buy” rating and a $40.00 price objective for the company. Wall Street Zen cut Kardigan from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Leerink Partners began coverage on Kardigan in a research note on Monday, July 13th. They set an “outperform” rating and a $37.00 target price for the company. Finally, TD Cowen initiated coverage on Kardigan in a research report on Monday, July 13th. They issued a “buy” rating and a $46.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kardigan has an average rating of “Moderate Buy” and a consensus price target of $38.80.

View Our Latest Report on KARD

Kardigan Stock Down 9.6%

NASDAQ:KARD opened at $12.97 on Monday. The firm has a market cap of $1.21 billion and a price-to-earnings ratio of -4.50. The company has a 50-day moving average price of $18.31. Kardigan has a 1-year low of $12.23 and a 1-year high of $27.00.

Kardigan (NASDAQ:KARD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($4.61) earnings per share for the quarter. Sell-side analysts anticipate that Kardigan will post -3.41 EPS for the current year.

Hedge Funds Weigh In On Kardigan

Several large investors have recently made changes to their positions in KARD. Jupiter Topco LLC purchased a new position in shares of Kardigan during the 2nd quarter worth approximately $17,715,000. Montanova Capital LLC purchased a new stake in Kardigan in the second quarter valued at approximately $9,540,000. Bank of New York Mellon Corp purchased a new stake in Kardigan in the second quarter valued at approximately $9,010,000. Braidwell LP acquired a new position in Kardigan during the second quarter worth $7,155,000. Finally, Citadel Advisors LLC acquired a new position in Kardigan during the second quarter worth $2,862,000.