Kyndryl (KD) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kyndryl in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" KD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KD, but not buy additional shares or sell existing shares.
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3 analysts have issued 1-year target prices for Kyndryl's stock. Their KD share price forecasts range from $14.00 to $22.00. On average, they anticipate the company's share price to reach $16.67 in the next twelve months. This suggests a possible upside of 32.8% from the stock's current price.
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Kyndryl's stock was trading at $11.12 on January 1st, 2023. Since then, KD shares have increased by 12.9% and is now trading at $12.55.
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Kyndryl saw a drop in short interest in April. As of April 30th, there was short interest totaling 3,700,000 shares, a drop of 6.8% from the April 15th total of 3,970,000 shares. Based on an average trading volume of 1,490,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.7% of the shares of the stock are short sold.
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Kyndryl Holdings, Inc. (NYSE:KD) posted its earnings results on Tuesday, February, 7th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.57) by $0.10. The company earned $4.30 billion during the quarter, compared to analyst estimates of $3.92 billion. Kyndryl had a negative net margin of 8.07% and a negative trailing twelve-month return on equity of 27.55%. The company's revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted ($3.30) earnings per share.

ETFs with the largest weight of Kyndryl (NYSE:KD) stock in their portfolio include Adaptiv Select ETF (ADPV), Invesco S&P Spin-Off ETF (CSD), iShares Future Cloud 5G and Tech ETF (IDAT), Gabelli Automation ETF (GAST), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco S&P MidCap 400 Revenue ETF (RWK), Wedbush ETFMG Global Cloud Technology ETF (IVES) and Convergence Long/Short Equity ETF (CLSE).

Kyndryl updated its FY 2024 earnings guidance on Friday, May, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $16.00 billion-$16.40 billion, compared to the consensus revenue estimate of $16.47 billion.

Kyndryl trades on the New York Stock Exchange (NYSE) under the ticker symbol "KD."

Kyndryl's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.95%), Jupiter Asset Management Ltd. (7.20%), Greenlight Capital Inc. (3.74%), Dimensional Fund Advisors LP (3.14%), State Street Corp (2.68%) and Allspring Global Investments Holdings LLC (1.65%). Insiders that own company stock include Business Machine International, David B Wyshner, Denis Machuel, Elly Keinan, Goldman Sachs Group Inc, Howard I Ungerleider and Martin J Schroeter.
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Shares of KD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KD stock can currently be purchased for approximately $12.55.

Kyndryl (NYSE:KD) has a market capitalization of $2.86 billion and generates $17.03 billion in revenue each year. The company earns $-1,375,000,000.00 in net income (profit) each year or ($6.06) on an earnings per share basis.

The company employs 90,000 workers across the globe.

The official website for the company is www.kyndryl.com. The company can be reached via email at investors@kyndryl.com.