Analysts Set Kyndryl Holdings, Inc. (NYSE:KD) Target Price at $33.00

Kyndryl Holdings, Inc. (NYSE:KD - Get Free Report) has received an average recommendation of "Buy" from the six analysts that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $33.00.

A number of research firms recently commented on KD. Susquehanna upped their price target on shares of Kyndryl from $33.00 to $40.00 and gave the company a "positive" rating in a report on Friday, November 22nd. Oppenheimer increased their target price on shares of Kyndryl from $33.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Finally, Bank of America initiated coverage on Kyndryl in a research report on Friday, November 22nd. They set a "buy" rating and a $40.00 price target for the company.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Kyndryl by 33.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,673 shares of the company's stock worth $44,000 after purchasing an additional 422 shares during the period. UMB Bank n.a. grew its stake in shares of Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company's stock worth $35,000 after buying an additional 462 shares during the last quarter. Trust Co. of Vermont increased its position in Kyndryl by 15.2% during the 3rd quarter. Trust Co. of Vermont now owns 3,513 shares of the company's stock valued at $81,000 after buying an additional 464 shares in the last quarter. Silverberg Bernstein Capital Management LLC boosted its holdings in Kyndryl by 1.4% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 36,020 shares of the company's stock worth $828,000 after acquiring an additional 480 shares in the last quarter. Finally, Wedmont Private Capital grew its stake in shares of Kyndryl by 4.0% in the third quarter. Wedmont Private Capital now owns 13,086 shares of the company's stock worth $307,000 after acquiring an additional 503 shares during the last quarter. Institutional investors own 71.53% of the company's stock.

Kyndryl Trading Down 0.8 %

NYSE KD traded down $0.28 during trading on Tuesday, hitting $35.39. 1,675,423 shares of the company's stock traded hands, compared to its average volume of 1,756,352. The firm has a market cap of $8.22 billion, a P/E ratio of -90.95, a PEG ratio of 8.62 and a beta of 1.86. The stock has a fifty day moving average of $28.71 and a two-hundred day moving average of $26.09. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl has a 12-month low of $18.81 and a 12-month high of $36.43.

Kyndryl Company Profile

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.