Kyndryl (NYSE:KD) Stock Price Expected to Rise, Susquehanna Analyst Says

Kyndryl (NYSE:KD) had its target price hoisted by stock analysts at Susquehanna from $40.00 to $46.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 7.21% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Oppenheimer boosted their price target on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday. Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They issued a “buy” rating and a $40.00 price objective for the company.

Kyndryl Stock Down 1.3 %

Shares of KD stock opened at $42.91 on Wednesday. The stock has a 50 day moving average of $36.57 and a 200-day moving average of $28.93. The firm has a market cap of $9.97 billion, a PE ratio of -110.01, a price-to-earnings-growth ratio of 11.00 and a beta of 1.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl has a 12 month low of $19.24 and a 12 month high of $43.61.

Hedge Funds Weigh In On Kyndryl

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Kyndryl by 35.1% in the third quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after acquiring an additional 1,569,260 shares during the period. 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 purchasing an additional 63,997 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Kyndryl by 62.6% in the third 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 during the last quarter. Zimmer Partners LP increased its position in Kyndryl by 1.9% during the third quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after buying an additional 49,738 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in Kyndryl by 9.6% during the 3rd quarter. Royce & Associates LP now owns 2,643,328 shares of the company’s stock valued at $60,744,000 after purchasing an additional 232,583 shares during the last quarter. 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.