Kodiak AI (NASDAQ:KDK – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Chardan Capital in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $12.00 price target on the stock. Chardan Capital’s target price points to a potential upside of 393.83% from the company’s current price.
KDK has been the subject of a number of other reports. Weiss Ratings downgraded shares of Kodiak AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. Morgan Stanley initiated coverage on Kodiak AI in a research report on Friday, September 11th. They set an “equal weight” rating and a $9.00 price target on the stock. Craig Hallum initiated coverage on Kodiak AI in a research report on Monday, June 15th. They set a “buy” rating and a $12.00 target price for the company. Citigroup reissued a “buy” rating on shares of Kodiak AI in a research report on Wednesday, August 19th. Finally, Wall Street Zen downgraded Kodiak AI from a “sell” rating to a “strong sell” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.89.
View Our Latest Stock Analysis on KDK
Kodiak AI Stock Performance
Kodiak AI (NASDAQ:KDK – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The firm had revenue of $3.50 million for the quarter. As a group, research analysts anticipate that Kodiak AI will post -0.92 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of KDK. HighTower Advisors LLC purchased a new stake in Kodiak AI during the second quarter valued at approximately $121,000. Alyeska Investment Group L.P. purchased a new position in Kodiak AI in the second quarter worth $19,538,000. Hsbc Holdings PLC acquired a new position in shares of Kodiak AI during the second quarter worth $248,000. Bank of America Corp DE purchased a new stake in Kodiak AI in the second quarter valued at about $586,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Kodiak AI during the 2nd quarter worth approximately $103,000. Institutional investors own 72.95% of the company’s stock.
More Kodiak AI News
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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