Citigroup Cuts Kodiak AI (NASDAQ:KDK) Price Target to $11.00

Kodiak AI (NASDAQ:KDK – Free Report) had its price objective decreased by Citigroup from $13.50 to $11.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

KDK has been the topic of a number of other research reports. Chardan Capital reduced their price objective on Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wall Street Zen upgraded Kodiak AI from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. TD Cowen reduced their target price on Kodiak AI from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Kodiak AI in a research report on Friday, March 27th. Finally, Northland Securities set a $11.00 target price on Kodiak AI in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.60.

Get Kodiak AI alerts:

View Our Latest Analysis on Kodiak AI

Kodiak AI Price Performance

NASDAQ KDK opened at $8.11 on Wednesday. The company has a market cap of $1.49 billion, a PE ratio of -8.91 and a beta of 0.40. The stock’s 50 day simple moving average is $8.23 and its 200-day simple moving average is $8.43. Kodiak AI has a 1-year low of $5.43 and a 1-year high of $11.62.

Institutional Investors Weigh In On Kodiak AI

Several large investors have recently bought and sold shares of KDK. JPMorgan Chase & Co. purchased a new stake in Kodiak AI during the 3rd quarter worth about $36,000. ARK Investment Management LLC purchased a new stake in Kodiak AI during the 3rd quarter worth about $6,290,000. Amova Asset Management Americas Inc. purchased a new stake in Kodiak AI during the 3rd quarter worth about $4,228,000. Barclays PLC purchased a new stake in Kodiak AI during the 3rd quarter worth about $830,000. Finally, UBS Group AG purchased a new stake in Kodiak AI during the 3rd quarter worth about $1,059,000. Hedge funds and other institutional investors own 72.95% of the company’s stock.

About Kodiak AI

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Kodiak AI
• Viking Sails to All-Time Highs—Fundamentals Signal More to Come
• Datavalut Gains Traction: 5 Reasons to Sell Now
• TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
• The Power Grid Is Dying—Is It Time to Buy Its Replacement?

Receive News & Ratings for Kodiak AI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kodiak AI and related companies with MarketBeat.com's FREE daily email newsletter.