Kodiak AI (NASDAQ:KDK) Trading Up 9.8% - Should You Buy?

Key Points

• Kodiak AI's stock rose by 9.8% to $8.50 on Monday, despite a decline in trading volume, with approximately 543,897 shares exchanged compared to the average of 677,474.
• Analysts have mixed views on Kodiak AI, with Citigroup and Cantor Fitzgerald issuing "buy" and "overweight" ratings, while Weiss Ratings has a "sell" rating.
• The consensus price target for Kodiak AI is $13.25, with two analysts recommending a buy and one a sell.

Kodiak AI, Inc. (NASDAQ:KDK - Get Free Report)'s stock price was up 9.8% on Monday . The stock traded as high as $8.55 and last traded at $8.50. Approximately 543,897 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 677,474 shares. The stock had previously closed at $7.74.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KDK shares. Citigroup started coverage on shares of Kodiak AI in a research note on Monday. They issued a "buy" rating and a $13.50 price objective on the stock. Weiss Ratings started coverage on shares of Kodiak AI in a report on Saturday, October 11th. They issued a "sell (e+)" rating for the company. Finally, Cantor Fitzgerald started coverage on shares of Kodiak AI in a report on Monday. They issued an "overweight" rating and a $13.00 target price for the company. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.25.

Kodiak AI Price Performance

About Kodiak AI

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.

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