Kyndryl (NYSE:KD) Stock Price Target Raised at Scotiabank

Kyndryl (NYSE:KD) had its target price hoisted by Scotiabank from $15.00 to $19.00 in a research note released on Thursday,Benzinga reports. The firm currently has a sector perform rating on the stock.

Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Kyndryl from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Monday, August 10th. Zacks Research raised Kyndryl from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Susquehanna increased their target price on shares of Kyndryl from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Kyndryl in a report on Tuesday. Finally, BMO Capital Markets restated a “market perform” rating and issued a $16.00 target price on shares of Kyndryl in a research note on Thursday, August 6th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kyndryl presently has a consensus rating of “Reduce” and an average target price of $17.67.

Kyndryl Stock Down 3.5%

Shares of NYSE:KD opened at $16.25 on Thursday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 46.43 and a beta of 1.62. The company has a 50 day moving average of $12.97 and a two-hundred day moving average of $13.41. Kyndryl has a 52-week low of $10.10 and a 52-week high of $27.83. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.96.

Kyndryl (NYSE:KD) last posted its earnings results on Wednesday, November 4th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Kyndryl had a net margin of 0.52% and a return on equity of 13.00%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. As a group, analysts forecast that Kyndryl will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cooper Creek Partners Management LLC boosted its holdings in shares of Kyndryl by 498.5% in the 1st quarter. Cooper Creek Partners Management LLC now owns 3,895,949 shares of the company’s stock worth $51,115,000 after acquiring an additional 3,245,013 shares in the last quarter. Sound Shore Management Inc. CT increased its holdings in Kyndryl by 39.5% during the 1st quarter. Sound Shore Management Inc. CT now owns 4,147,984 shares of the company’s stock valued at $54,422,000 after purchasing an additional 1,173,761 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Kyndryl during the 2nd quarter valued at $6,672,000. State Street Corp raised its position in Kyndryl by 6.8% in the 2nd quarter. State Street Corp now owns 7,792,865 shares of the company’s stock valued at $88,137,000 after purchasing an additional 492,925 shares during the last quarter. Finally, Amundi raised its position in Kyndryl by 145.5% in the 2nd quarter. Amundi now owns 708,203 shares of the company’s stock valued at $8,010,000 after purchasing an additional 419,708 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Key Kyndryl News

Here are the key news stories impacting Kyndryl this week:

• Positive Sentiment: Kyndryl reported adjusted earnings of $0.42 per share and revenue of $3.65 billion, both above consensus estimates. Adjusted profit increased year over year, and management reaffirmed its fiscal 2027 outlook. Kyndryl fiscal Q2 results
• Positive Sentiment: Management cited strong deal signings and growth in consulting and hyperscaler-related revenue. Kyndryl also reaffirmed its $400 million–$500 million fiscal 2027 free-cash-flow target and is targeting $400 million–$500 million in annualized cost savings by fiscal 2028. Cash flow and savings targets
• Positive Sentiment: A new AWS collaboration combines Kyndryl’s agentic modernization services with AWS Transform, aiming to help customers modernize applications and deploy AI-ready workflows at scale. This could strengthen Kyndryl’s position in enterprise AI and cloud modernization. Kyndryl and AWS modernization solution
• Neutral Sentiment: Analyst price-target changes were mixed: Scotiabank raised its target to $19 while keeping a sector-perform rating; Susquehanna lifted its target to $16 and maintained a neutral rating. Scotiabank rating
• Negative Sentiment: Revenue declined 1.9% year over year, and reports noted lower GAAP profit despite higher adjusted earnings. That top-line weakness may temper enthusiasm about the earnings beat. Profit and revenue report

Kyndryl Company Profile

Kyndryl Holdings, Inc (NYSE:KD) is an information technology services company that designs, builds, manages and modernizes mission-critical technology systems for businesses and public-sector organizations. Its services help customers operate and transform complex IT environments, including cloud, data centers, networks, applications and digital workplaces.

The company provides consulting and implementation services as well as ongoing managed services. Its capabilities include cloud solutions, network and edge services, cybersecurity, data and artificial intelligence, application management, enterprise computing and technology modernization.