Kodiak AI, Inc. (NASDAQ:KDK) Receives $12.60 Average Price Target from Analysts

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.50.

Several research firms recently commented on KDK. Northland Securities set a $11.00 target price on shares of Kodiak AI in a research note on Monday, May 11th. TD Cowen reduced their price target on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Craig Hallum assumed coverage on shares of Kodiak AI in a research report on Monday, June 15th. They issued a “buy” rating and a $12.00 price target for the company. Wall Street Zen upgraded shares of Kodiak AI from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Chardan Capital reduced their price target on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, May 8th.

Kodiak AI Price Performance

KDK stock opened at $6.03 on Friday. Kodiak AI has a 12 month low of $5.43 and a 12 month high of $11.48. The firm has a market cap of $1.11 billion, a PE ratio of -6.63 and a beta of 0.26. The firm has a 50 day simple moving average of $7.70 and a 200 day simple moving average of $8.33.

Institutional Trading of Kodiak AI

Hedge funds and other institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust acquired a new stake in shares of Kodiak AI in the fourth quarter worth $44,000. JPMorgan Chase & Co. acquired a new stake in shares of Kodiak AI in the third quarter worth $36,000. Farther Finance Advisors LLC acquired a new stake in shares of Kodiak AI in the fourth quarter worth $78,000. Ieq Capital LLC acquired a new stake in shares of Kodiak AI in the fourth quarter worth $186,000. Finally, XTX Topco Ltd acquired a new stake in shares of Kodiak AI in the fourth quarter worth $188,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

About Kodiak AI

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.