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

Kyndryl (NYSE:KD) had its target price hoisted by stock analysts at Susquehanna from $33.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price objective would indicate a potential upside of 21.03% from the stock’s current price.

KD has been the topic of several other research reports. Oppenheimer raised their target price on shares of Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday. Bank of America began coverage on Kyndryl in a report on Friday. They issued a “buy” rating and a $40.00 price target for the company. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kyndryl currently has a consensus rating of “Buy” and an average target price of $33.00.

Kyndryl Trading Up 1.7 %

Shares of KD stock opened at $33.05 on Friday. Kyndryl has a fifty-two week low of $17.64 and a fifty-two week high of $33.62. The company has a 50 day moving average price of $24.99 and a 200 day moving average price of $25.22. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $7.68 billion, a P/E ratio of -84.74, a price-to-earnings-growth ratio of 7.83 and a beta of 1.63.

Hedge Funds Weigh In On Kyndryl

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Kyndryl by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 25,913,034 shares of the company’s stock valued at $563,868,000 after acquiring an additional 81,826 shares during the period. FMR LLC increased its stake in Kyndryl by 35.1% in the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after purchasing an additional 1,569,260 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kyndryl by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock worth $88,908,000 after buying an additional 63,997 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in Kyndryl by 62.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock valued at $74,894,000 after acquiring an additional 1,254,208 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Kyndryl by 32.3% during the 2nd quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock valued at $72,768,000 after buying an additional 675,800 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Kyndryl Company Profile

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.