Susquehanna Boosts Kyndryl (NYSE:KD) Price Target to $40.00

Kyndryl (NYSE:KD) had its price objective hoisted by equities researchers at Susquehanna from $33.00 to $40.00 in a report issued on Friday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 21.03% from the stock’s current price.

Several other analysts have also weighed in on the company. Bank of America initiated coverage on Kyndryl in a report on Friday. They set a “buy” rating and a $40.00 price target on the stock. Oppenheimer upped their price target on shares of Kyndryl from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $33.00.

Kyndryl Stock Up 1.7 %

Shares of KD opened at $33.05 on Friday. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of -84.74, a price-to-earnings-growth ratio of 7.83 and a beta of 1.63. The business’s 50 day simple moving average is $24.99 and its 200-day simple moving average is $25.22. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl has a 1 year low of $17.64 and a 1 year high of $33.62.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in shares of Kyndryl in the 1st quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in Kyndryl in the 3rd quarter valued at $29,000. UMB Bank n.a. increased its holdings in Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock worth $35,000 after acquiring an additional 462 shares in the last quarter. Headlands Technologies LLC increased its stake in Kyndryl by 60.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock worth $39,000 after buying an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Kyndryl in the second quarter worth about $39,000. 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.