Kodiak AI, Inc. (NASDAQ:KDK) Receives $15.90 Consensus Target Price from Analysts

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.90.

Several research firms recently issued reports on KDK. Zacks Research upgraded Kodiak AI to a “hold” rating in a report on Tuesday, October 21st. Northland Securities set a $17.00 target price on Kodiak AI in a research report on Thursday, October 30th. Chardan Capital reiterated a “buy” rating and set a $22.00 price target on shares of Kodiak AI in a research note on Thursday, November 13th. Wall Street Zen lowered shares of Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. Finally, TD Cowen started coverage on shares of Kodiak AI in a research note on Monday, November 10th. They set a “buy” rating and a $14.00 target price on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in Kodiak AI during the 3rd quarter worth about $36,000. Farther Finance Advisors LLC acquired a new position in shares of Kodiak AI during the fourth quarter worth about $78,000. Great Valley Advisor Group Inc. purchased a new stake in shares of Kodiak AI during the fourth quarter worth approximately $200,000. Curated Wealth Partners LLC acquired a new stake in Kodiak AI in the fourth quarter valued at approximately $649,000. Finally, AlphaCentric Advisors LLC purchased a new position in Kodiak AI in the fourth quarter worth approximately $819,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak AI Trading Down 3.1%

Shares of KDK stock opened at $8.35 on Friday. Kodiak AI has a 1-year low of $5.43 and a 1-year high of $11.62. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -24.56 and a beta of -0.40. The stock’s 50-day moving average is $9.35.

Kodiak AI (NASDAQ:KDK) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.33). The firm had revenue of $0.77 million for the quarter, compared to analysts’ expectations of $0.50 million.

Kodiak AI Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.