Kyndryl (KD) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kyndryl in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 equities research analysts have issued 12 month price targets for Kyndryl's stock. Their KD share price forecasts range from $14.00 to $22.00. On average, they expect the company's stock price to reach $16.67 in the next year. This suggests a possible upside of 32.9% from the stock's current price.
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Kyndryl's stock was trading at $11.12 at the start of the year. Since then, KD stock has increased by 12.8% and is now trading at $12.54.
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Kyndryl saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 3,700,000 shares, a decrease 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 short-interest ratio is currently 2.5 days. Approximately 1.7% of the company's shares are sold short.
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Kyndryl Holdings, Inc. (NYSE:KD) posted its quarterly 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 firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $3.92 billion. Kyndryl had a negative trailing twelve-month return on equity of 25.80% and a negative net margin of 8.07%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted ($3.30) EPS.

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 issued an update on its FY 2024 earnings guidance on Friday, May, 26th. The company provided earnings per share 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 institutional and retail investors. Top institutional investors 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 $12.54.

Kyndryl (NYSE:KD) has a market capitalization of $2.85 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 phone at 212-896-2098 or via email at investors@kyndryl.com.