Kodiak AI, Inc. (NASDAQ:KDK) Receives $12.60 Average Price Target from Brokerages

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.60.

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kodiak AI in a report on Friday, March 27th. Northland Securities set a $11.00 price target on shares of Kodiak AI in a report on Monday, May 11th. TD Cowen cut their price target on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Wall Street Zen upgraded shares of Kodiak AI from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Citigroup cut their price target on shares of Kodiak AI from $13.50 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th.

Institutional Investors Weigh In On Kodiak AI

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Kodiak AI during the third quarter valued at approximately $36,000. Parkside Financial Bank & Trust purchased a new stake in Kodiak AI in the fourth quarter worth approximately $44,000. Farther Finance Advisors LLC purchased a new stake in Kodiak AI in the fourth quarter worth approximately $78,000. Cannon Global Investment Management LLC purchased a new stake in Kodiak AI in the first quarter worth approximately $119,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Kodiak AI in the first quarter worth approximately $125,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

Kodiak AI Price Performance

NASDAQ:KDK opened at $7.78 on Tuesday. The company’s 50 day moving average price is $8.12 and its 200-day moving average price is $8.39. Kodiak AI has a 52 week low of $5.43 and a 52 week high of $11.62. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -8.55 and a beta of 0.40.

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.