Kodiak AI (NASDAQ:KDK – Get Free Report)‘s stock had its “buy” rating restated by stock analysts at Chardan Capital in a note issued to investors on Friday, Benzinga reports. They currently have a $12.00 price target on the stock. Chardan Capital’s target price would indicate a potential upside of 393.83% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Citigroup restated a “buy” rating on shares of Kodiak AI in a report on Wednesday, August 19th. Craig Hallum began coverage on shares of Kodiak AI in a report on Monday, June 15th. They set a “buy” rating and a $12.00 price objective for the company. Morgan Stanley began coverage on shares of Kodiak AI in a report on Friday, September 11th. They set an “equal weight” rating and a $9.00 price objective for the company. Oppenheimer began coverage on shares of Kodiak AI in a report on Tuesday, August 25th. They set an “outperform” rating and a $9.00 price objective for the company. Finally, Zacks Research cut shares of Kodiak AI from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.89.
Get Our Latest Stock Report on Kodiak AI
Kodiak AI Stock Down 12.6%
Kodiak AI (NASDAQ:KDK – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.33). The company had revenue of $3.50 million for the quarter. Analysts anticipate that Kodiak AI will post -0.92 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of KDK. Alyeska Investment Group L.P. bought a new position in Kodiak AI in the second quarter valued at approximately $19,538,000. BlackRock Inc. bought a new stake in shares of Kodiak AI in the second quarter worth $9,073,000. Amova Asset Management Americas Inc. lifted its position in shares of Kodiak AI by 112.5% in the first quarter. Amova Asset Management Americas Inc. now owns 1,677,951 shares of the company’s stock worth $11,628,000 after purchasing an additional 888,480 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Kodiak AI by 112.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock worth $11,645,000 after purchasing an additional 888,480 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Kodiak AI in the second quarter worth $1,276,000. Institutional investors own 72.95% of the company’s stock.
Kodiak AI News Roundup
Here are the key news stories impacting Kodiak AI this week:
- Positive Sentiment: Kodiak AI plans to launch unsupervised, long-haul driverless service on the Dallas-Houston freight corridor by the end of 2026. The company is conducting daily preparation runs on Interstate 45 and closed-course validation testing as it works to complete its safety-case validation. Kodiak AI Names Dallas-Houston As Long-Haul Driverless Launch Lane
- Positive Sentiment: Oppenheimer said Kodiak is tracking toward its first driver-out over-the-road ride by year-end, reinforcing the company’s near-term commercialization timeline. Kodiak AI Tracking Toward First Driver-Out Over-the-Road Ride by Year-End
- Positive Sentiment: Chardan Capital reaffirmed its “buy” rating and maintained a $12 price target, implying substantial upside from recent trading levels. The target reflects analyst confidence in Kodiak’s autonomous-driving rollout, though it remains dependent on successful execution. Benzinga analyst note
- Positive Sentiment: Kodiak and DTL Transport completed their first autonomous trucking deliveries under a new California DMV permit, hauling perishable goods along the I-5 and CA-99 corridors. The deliveries provide real-world operating experience and mark an expansion beyond Kodiak’s Texas-focused plans. Kodiak AI and DTL Transport Complete First Autonomous Trucking Deliveries
- Neutral Sentiment: Reported short interest was listed at zero shares as of September 24, offering no measurable short-selling pressure according to the data provided. The figure may reflect a reporting or data issue and is not a fundamental catalyst.
- Negative Sentiment: Despite the operational milestones, Kodiak remains an early-stage, unprofitable company. Its latest reported quarter included $3.5 million of revenue and a larger-than-expected per-share loss, keeping investor concerns centered on cash needs, commercialization timing, and whether driverless operations can scale economically.
Kodiak AI Company Profile
Kodiak AI, Inc (NASDAQ: KDK) develops autonomous vehicle technology for the trucking and logistics industries. The company’s platform is designed to enable self-driving commercial trucks, with an emphasis on improving freight transportation safety, efficiency and reliability.
Its products and services include autonomous-driving software, vehicle systems and supporting hardware designed for long-haul trucking applications. Kodiak’s technology is intended to help commercial fleets operate vehicles with reduced dependence on human drivers, while supporting remote supervision, fleet management and deployment across defined freight routes.
The company was founded in 2018 as Kodiak Robotics by Don Burnett and has focused primarily on autonomous trucking in the United States.
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