Kodiak AI (NASDAQ:KDK – Get Free Report)‘s stock had its “buy” rating reiterated by research analysts at Chardan Capital in a report released on Friday, Benzinga reports. They currently have a $12.00 price objective on the stock. Chardan Capital’s price objective suggests a potential upside of 382.90% from the company’s previous close.
Several other brokerages have also issued reports on KDK. Zacks Research lowered Kodiak AI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 15th. Craig Hallum began coverage on Kodiak AI in a research report on Monday, June 15th. They set a “buy” rating and a $12.00 price objective for the company. Wall Street Zen lowered Kodiak AI from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Needham & Company LLC began coverage on Kodiak AI in a research report on Wednesday, September 9th. They set a “buy” rating and a $8.00 price objective for the company. Finally, Oppenheimer began coverage on Kodiak AI in a research report on Tuesday, August 25th. They set an “outperform” rating and a $9.00 price objective for the company. 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 issued a Sell rating to the company. According to MarketBeat, Kodiak AI currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.89.
Read Our Latest Stock Analysis on Kodiak AI
Kodiak AI Stock Down 10.6%
Kodiak AI (NASDAQ:KDK – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The firm had revenue of $3.50 million during the quarter. Equities research analysts expect that Kodiak AI will post -0.92 EPS for the current fiscal year.
Institutional Trading of Kodiak AI
Hedge funds have recently bought and sold shares of the stock. Alyeska Investment Group L.P. bought a new stake in Kodiak AI during the second quarter valued at about $19,538,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Kodiak AI by 112.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,677,951 shares of the company’s stock valued at $11,645,000 after purchasing an additional 888,480 shares during the period. 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 valued at $11,628,000 after acquiring an additional 888,480 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Kodiak AI in the second quarter valued at about $9,073,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Kodiak AI in the second quarter valued at about $1,276,000. Institutional investors own 72.95% of the company’s stock.
Key Headlines Impacting Kodiak AI
Here are the key news stories impacting Kodiak AI this week:
- Positive Sentiment: Long-haul driverless launch planned: Kodiak said it plans to begin unsupervised, driverless freight service on the Dallas-Houston lane 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. Kodiak AI Names Dallas-Houston As Long-Haul Driverless Launch Lane
- Positive Sentiment: Progress toward first driver-out ride: Oppenheimer said Kodiak is tracking toward its first over-the-road ride without a driver by year-end, a milestone that could provide important validation of its technology and commercial strategy. Kodiak AI Tracking Toward First Driver-Out Over-the-Road Ride by Year-End
- Positive Sentiment: California autonomous deliveries completed: Kodiak and DTL Transport completed initial autonomous freight deliveries carrying perishable goods along California’s I-5 and CA-99 corridors under a new California DMV permit. This expands Kodiak’s operating footprint and provides real-world delivery experience. Kodiak AI and DTL Transport Complete First Autonomous Trucking Deliveries
- Positive Sentiment: Analyst support: Chardan Capital reaffirmed its “buy” rating and assigned a $12 price target, implying substantial upside from recent trading levels. Benzinga analyst report
- Neutral Sentiment: Short-interest data appears inconsistent: A report listed short interest at zero shares, making the figure difficult to interpret as a meaningful indicator of potential short-covering or bearish positioning.
- Negative Sentiment: Financial risk remains high: Kodiak is unprofitable, recently missed quarterly EPS expectations, and analysts expect another annual loss. Investors may therefore view the planned launches as promising but still dependent on regulatory approval, safe execution and future commercialization.
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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