Kodiak AI’s (KDK) “Buy” Rating Reaffirmed at Chardan Capital

Kodiak AI (NASDAQ:KDK)‘s stock had its “buy” rating reissued by analysts at Chardan Capital in a note issued to investors on Thursday,Benzinga reports. They presently have a $22.00 price target on the stock. Chardan Capital’s price objective points to a potential upside of 147.47% from the company’s current price.

A number of other brokerages have also recently weighed in on KDK. Wall Street Zen cut Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a report on Monday, December 29th. TD Cowen started coverage on Kodiak AI in a research report on Monday, November 10th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Northland Securities set a $17.00 price target on Kodiak AI in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kodiak AI has a consensus rating of “Moderate Buy” and an average target price of $15.90.

Kodiak AI Stock Performance

Kodiak AI stock opened at $8.89 on Thursday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -26.15 and a beta of -0.40. The business’s fifty day moving average is $9.48. Kodiak AI has a twelve month low of $5.43 and a twelve month high of $11.62.

Institutional Investors Weigh In On Kodiak AI

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Kodiak AI during the 3rd quarter worth about $36,000. Parkside Financial Bank & Trust purchased a new position in Kodiak AI during the fourth quarter worth approximately $44,000. Farther Finance Advisors LLC purchased a new position in Kodiak AI during the fourth quarter worth approximately $78,000. Ieq Capital LLC purchased a new stake in shares of Kodiak AI in the fourth quarter valued at approximately $186,000. Finally, XTX Topco Ltd purchased a new position in shares of Kodiak AI during the 4th quarter valued at approximately $188,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Kodiak AI Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to as our initial business combination. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.