Kodiak AI, Inc. (NASDAQ:KDK – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.00.
Several equities research analysts have issued reports on KDK shares. Northland Securities set a $11.00 price objective on shares of Kodiak AI in a research note on Monday, May 11th. Chardan Capital reduced their target price on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Wall Street Zen cut shares of Kodiak AI from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Craig Hallum started coverage on shares of Kodiak AI in a research report on Monday, June 15th. They set a “buy” rating and a $12.00 price target for the company. Finally, Citigroup reiterated a “buy” rating on shares of Kodiak AI in a report on Wednesday, August 19th.
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Institutional Investors Weigh In On Kodiak AI
Kodiak AI Stock Performance
Shares of NASDAQ:KDK opened at $3.95 on Thursday. The stock has a 50-day simple moving average of $4.63 and a 200-day simple moving average of $6.79. The stock has a market capitalization of $792.45 million, a P/E ratio of -0.84 and a beta of 0.45. Kodiak AI has a 1 year low of $3.76 and a 1 year high of $11.44.
Kodiak AI (NASDAQ:KDK – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The company had revenue of $3.50 million for the quarter. Analysts predict that Kodiak AI will post -0.63 earnings per share for the current year.
About Kodiak AI
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.
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