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

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $12.50.

Several equities analysts recently issued reports on KDK shares. Citigroup cut their price target on shares of Kodiak AI from $13.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. Craig Hallum started coverage on shares of Kodiak AI in a report on Monday. They set a “buy” rating and a $12.00 price target for the company. Wall Street Zen raised shares of Kodiak AI from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings downgraded shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Finally, TD Cowen cut their price target on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, March 12th.

Institutional Investors Weigh In On Kodiak AI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KDK. Parkside Financial Bank & Trust bought a new position in shares of Kodiak AI in the fourth quarter worth about $44,000. JPMorgan Chase & Co. bought a new position in shares of Kodiak AI in the third quarter worth about $36,000. Farther Finance Advisors LLC bought a new position in shares of Kodiak AI in the fourth quarter worth about $78,000. Ieq Capital LLC bought a new position in shares of Kodiak AI in the fourth quarter worth about $186,000. Finally, XTX Topco Ltd bought a new position in shares of Kodiak AI in the fourth quarter worth about $188,000. Institutional investors and hedge funds own 72.95% of the company’s stock.

Kodiak AI Stock Down 2.7%

Shares of KDK stock opened at $5.85 on Friday. Kodiak AI has a 12-month low of $5.43 and a 12-month high of $11.48. The company has a market capitalization of $1.08 billion, a P/E ratio of -6.43 and a beta of 0.26. The firm has a 50-day moving average price of $7.77 and a 200 day moving average price of $8.35.

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.