Kyndryl (NYSE:KD) Price Target Raised to $37.00 at Oppenheimer

Kyndryl (NYSE:KD) had its price objective increased by research analysts at Oppenheimer from $33.00 to $37.00 in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 13.92% from the company’s previous close.

Separately, Bank of America assumed coverage on shares of Kyndryl in a research note on Friday. They issued a “buy” rating and a $40.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $33.00.

Kyndryl Trading Up 13.8 %

KD opened at $32.48 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.03 and a quick ratio of 1.03. Kyndryl has a fifty-two week low of $17.64 and a fifty-two week high of $33.26. The company’s 50 day moving average price is $24.59 and its two-hundred day moving average price is $25.09. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of -83.28, a PEG ratio of 6.76 and a beta of 1.63.

Institutional Trading of Kyndryl

A number of large investors have recently bought and sold shares of KD. Acadian Asset Management LLC acquired a new stake in shares of Kyndryl during the 1st quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new position in Kyndryl during the third quarter worth $29,000. UMB Bank n.a. grew its stake in shares of Kyndryl by 44.2% in the 3rd quarter. UMB Bank n.a. now owns 1,508 shares of the company’s stock valued at $35,000 after buying an additional 462 shares during the period. Headlands Technologies LLC increased its holdings in shares of Kyndryl by 60.2% during the second quarter. Headlands Technologies LLC now owns 1,475 shares of the company’s stock valued at $39,000 after acquiring an additional 554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Kyndryl during the 2nd quarter valued at $39,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.

About Kyndryl

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.