Kyndryl (NYSE:KD) Price Target Raised to $46.00 at Susquehanna

Kyndryl (NYSE:KD) had its price target lifted by equities researchers at Susquehanna from $40.00 to $46.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 7.21% from the company’s current price.

A number of other research firms also recently weighed in on KD. Bank of America began coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price for the company. Oppenheimer upped their price objective on shares of Kyndryl from $37.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday.

Kyndryl Stock Performance

NYSE:KD opened at $42.91 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65. Kyndryl has a 1-year low of $19.24 and a 1-year high of $43.61. The stock’s 50-day moving average is $36.57 and its 200-day moving average is $28.93. The stock has a market cap of $9.97 billion, a P/E ratio of -110.01, a price-to-earnings-growth ratio of 11.00 and a beta of 1.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Kyndryl by 35.1% during the 3rd quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after buying an additional 1,569,260 shares in the last quarter. Geode Capital Management LLC grew its position in Kyndryl by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after acquiring an additional 63,997 shares during the last quarter. Westfield Capital Management Co. LP raised its position in Kyndryl by 62.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after purchasing an additional 1,254,208 shares during the period. Zimmer Partners LP increased its stake in Kyndryl by 1.9% in the 3rd quarter. Zimmer Partners LP now owns 2,723,895 shares of the company’s stock worth $62,595,000 after purchasing an additional 49,738 shares during the period. Finally, Royce & Associates LP raised its stake in shares of Kyndryl by 9.6% during the third quarter. Royce & Associates LP now owns 2,643,328 shares of the company’s stock valued at $60,744,000 after acquiring an additional 232,583 shares during the last quarter. 71.53% of the stock is owned by institutional investors.

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.