Analysts Set Kyndryl Holdings, Inc. (NYSE:KD) Target Price at $29.40

Shares of Kyndryl Holdings, Inc. (NYSE:KD) have been given an average rating of “Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $33.00.

Several research firms have recently commented on KD. Susquehanna raised their price target on Kyndryl from $33.00 to $40.00 and gave the company a “positive” rating in a report on Friday, November 22nd. Oppenheimer raised their target price on Kyndryl from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Bank of America started coverage on shares of Kyndryl in a research report on Friday, November 22nd. They set a “buy” rating and a $40.00 target price on the stock.

Institutional Trading of Kyndryl

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Kyndryl by 0.3% in the first quarter. Vanguard Group Inc. now owns 25,913,034 shares of the company’s stock valued at $563,868,000 after purchasing an additional 81,826 shares during the last quarter. FMR LLC lifted its stake in Kyndryl by 35.1% in 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 holdings in Kyndryl by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,867,873 shares of the company’s stock valued at $88,908,000 after buying an additional 63,997 shares during the last quarter. Westfield Capital Management Co. LP increased its position in Kyndryl by 62.6% during the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after buying an additional 1,254,208 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Kyndryl by 32.3% in the second quarter. Renaissance Technologies LLC now owns 2,765,800 shares of the company’s stock worth $72,768,000 after acquiring an additional 675,800 shares during the last quarter. Institutional investors and hedge funds own 71.53% of the company’s stock.

Kyndryl Price Performance

Shares of NYSE:KD opened at $34.82 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.65. The company has a 50-day moving average price of $25.66 and a 200 day moving average price of $25.41. Kyndryl has a 52 week low of $17.64 and a 52 week high of $34.95. The company has a market cap of $8.09 billion, a P/E ratio of -89.28, a PEG ratio of 8.17 and a beta of 1.63.

About Kyndryl

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.