Cantor Fitzgerald Initiates Coverage on Kodiak AI (NASDAQ:KDK)

Key Points

• Cantor Fitzgerald has initiated coverage on Kodiak AI (NASDAQ:KDK), assigning an "overweight" rating and setting a price target of $13.00, indicating a potential upside of 79.31% from the current price.
• Other analysts have mixed sentiments, with Citigroup rating it as a "buy" with a $13.50 target, while Weiss Ratings has issued a "sell" rating, resulting in a consensus rating of "Moderate Buy".
• As of the latest trading session, Kodiak AI stock is priced at $7.25, down $0.59 for the day and trading below its 1-year high of $11.62.

Stock analysts at Cantor Fitzgerald assumed coverage on shares of Kodiak AI (NASDAQ:KDK - Get Free Report) in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $13.00 price target on the stock. Cantor Fitzgerald's target price would indicate a potential upside of 79.31% from the company's current price. Cantor Fitzgerald also issued estimates for Kodiak AI's FY2025 earnings at ($1.97) EPS and FY2026 earnings at ($0.76) EPS.

Several other analysts also recently commented on KDK. Citigroup initiated coverage on shares of Kodiak AI in a report on Monday. They set a "buy" rating and a $13.50 target price on the stock. Weiss Ratings initiated coverage on shares of Kodiak AI in a report on Saturday, October 11th. They set a "sell (e+)" rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Kodiak AI has a consensus rating of "Moderate Buy" and an average target price of $13.25.

Kodiak AI Stock Performance

KDK stock traded down $0.59 during mid-day trading on Monday, hitting $7.25. 189,048 shares of the company were exchanged, compared to its average volume of 676,704. Kodiak AI has a 1-year low of $5.77 and a 1-year high of $11.62.

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.