Kyndryl (KD) Stock Forecast, Price & News

3 Wall Street 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 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 brokers have issued 1 year price objectives for Kyndryl's shares. Their KD share price forecasts range from $15.00 to $22.00. On average, they expect the company's stock price to reach $19.00 in the next year. This suggests a possible upside of 25.8% 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 stock has increased by 35.8% and is now trading at $15.10.
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Kyndryl saw a increase in short interest in September. As of September 15th, there was short interest totaling 5,170,000 shares, an increase of 8.2% from the August 31st total of 4,780,000 shares. Based on an average trading volume of 1,780,000 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.3% of the company's shares are short sold.
View Kyndryl's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our KD earnings forecast.

Kyndryl Holdings, Inc. (NYSE:KD) issued its quarterly earnings data on Tuesday, February, 7th. The company reported ($0.47) 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 the consensus estimate of $3.92 billion. Kyndryl had a negative net margin of 7.47% and a negative trailing twelve-month return on equity of 15.82%. The company's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the business posted ($3.30) earnings per share.

ETFs with the largest weight of Kyndryl (NYSE:KD) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), Adaptiv Select ETF (ADPV), iShares Future Cloud 5G and Tech ETF (IDAT), Gabelli Automation ETF (GAST), Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco S&P MidCap 400 Revenue ETF (RWK) and Invesco Bloomberg MVP Multi-factor ETF (PWC).

Kyndryl issued an update on its FY 2024 earnings guidance on Monday, August, 7th. 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 $16.15 billion.

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

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 $15.10.

Kyndryl (NYSE:KD) has a market capitalization of $3.46 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 ($5.57) 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.