Northland Securities Predicts Reduced Earnings for Kodiak AI

Key Points

• Northland Securities cut Kodiak AI’s FY2026 EPS estimate to a loss of $0.89 per share from $0.68, below the consensus loss estimate of $0.65.
• Analyst sentiment remains mixed but leans positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $12.50, despite several recent target and rating downgrades.
• Shares opened at $4.13, near their 52-week low of $3.97, while institutional investors own approximately 72.95% of Kodiak AI’s stock.

Kodiak AI, Inc. (NASDAQ:KDK - Free Report) - Equities research analysts at Northland Securities reduced their FY2026 earnings per share estimates for shares of Kodiak AI in a report issued on Friday, August 7th. Northland Securities analyst M. Latimore now expects that the company will earn ($0.89) per share for the year, down from their previous estimate of ($0.68). The consensus estimate for Kodiak AI's current full-year earnings is ($0.65) per share.

A number of other equities analysts have also weighed in on KDK. Craig Hallum started coverage on shares of Kodiak AI in a research report on Monday, June 15th. They set a "buy" rating and a $12.00 target price for the company. Weiss Ratings lowered shares of Kodiak AI from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, July 17th. Citigroup dropped their price target on shares of Kodiak AI from $13.50 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, May 13th. Chardan Capital cut their price objective on shares of Kodiak AI from $22.00 to $15.00 and set a "buy" rating for the company in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Kodiak AI from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $12.50.

Kodiak AI Stock Performance

Shares of KDK opened at $4.13 on Thursday. Kodiak AI has a fifty-two week low of $3.97 and a fifty-two week high of $11.44. The business has a 50-day moving average of $5.07 and a 200 day moving average of $7.15. The firm has a market cap of $759.30 million, a P/E ratio of -0.88 and a beta of 0.45.

Institutional Investors Weigh In On Kodiak AI

A number of institutional investors and hedge funds have recently bought and sold shares of KDK. JPMorgan Chase & Co. bought a new stake in Kodiak AI during the third quarter valued at approximately $36,000. Parkside Financial Bank & Trust purchased a new stake in shares of Kodiak AI during the 4th quarter valued at $44,000. Farther Finance Advisors LLC purchased a new stake in shares of Kodiak AI during the 4th quarter valued at $78,000. Cannon Global Investment Management LLC bought a new stake in shares of Kodiak AI during the 1st quarter worth $119,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Kodiak AI during the 1st quarter worth $125,000. 72.95% of the stock is owned by hedge funds and other institutional investors.

Key Kodiak AI News

Here are the key news stories impacting Kodiak AI this week:

• Neutral Sentiment: Reported short interest was listed at zero shares as of August 11, unchanged from zero shares previously, with a 0.0-day days-to-cover ratio. The report’s claim of a “large increase” and its NaN percentage change appear to reflect a data error, so it provides no meaningful short-selling signal for investors. Kodiak AI short interest and stock data
• Negative Sentiment: Northland Securities lowered its EPS forecasts for Kodiak AI across nearly every reported period. Estimates were reduced to losses of $0.25 per share for Q3 2026, $0.27 for Q4 2026, $0.26 for Q1 2027, $0.25 for Q2 2027, $0.24 for Q3 2027 and $0.23 for Q4 2027.
• Negative Sentiment: The firm also cut its full-year EPS forecast to a loss of $0.99 for 2027 from $0.61 previously, and to a loss of $0.66 for 2028 from $0.61. These revisions suggest Northland expects Kodiak AI’s path to profitability to take longer or require greater spending than previously anticipated.

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. 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.

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