Kodiak AI, Inc. (NASDAQ:KDK) Stock Has Average Price Target of $10.89 According to Brokerages

Kodiak AI, Inc. (NASDAQ:KDK) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.69.

Several equities research analysts have weighed in on KDK shares. Wall Street Zen downgraded Kodiak AI from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Zacks Research raised Kodiak AI from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 14th. Chardan Capital lowered their target price on Kodiak AI to $4.50 and set a “buy” rating on the stock in a research note on Thursday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kodiak AI in a report on Thursday, October 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Kodiak AI in a report on Wednesday, August 19th.

Kodiak AI Price Performance

NASDAQ:KDK opened at $1.04 on Friday. The firm has a market capitalization of $208.64 million, a P/E ratio of -0.22 and a beta of 0.60. Kodiak AI has a 1-year low of $1.03 and a 1-year high of $11.35. The company’s fifty day moving average price is $2.89 and its 200-day moving average price is $5.18.

Kodiak AI (NASDAQ:KDK) last issued its earnings results on Thursday, August 6th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The company had revenue of $3.50 million for the quarter. Equities analysts anticipate that Kodiak AI will post -0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Kodiak AI

Hedge funds have recently bought and sold shares of the stock. Curated Wealth Partners LLC purchased a new position in shares of Kodiak AI during the 3rd quarter valued at approximately $114,000. HighTower Advisors LLC acquired a new position in shares of Kodiak AI in the 2nd quarter valued at $121,000. Alyeska Investment Group L.P. purchased a new stake in Kodiak AI during the second quarter worth $19,538,000. Hsbc Holdings PLC purchased a new stake in Kodiak AI during the second quarter worth $248,000. Finally, Bank of America Corp DE purchased a new stake in Kodiak AI during the second quarter worth $586,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Kodiak AI Company Profile

Kodiak AI, Inc develops autonomous vehicle technology designed to help commercial and industrial operators improve the safety, efficiency and reliability of transportation. The company’s platform combines artificial intelligence, sensors, software and vehicle-control systems to support autonomous operation in complex environments.

Founded as Kodiak Robotics, the company initially focused on autonomous long-haul trucking and has developed systems intended for use in freight transportation.