Kyndryl Holdings Inc. Surpasses Analyst Target as Investors Weigh Future Prospects
Shares of Kyndryl Holdings Inc (Symbol: KD) have recently traded above the average analyst target price of $32.75, reaching $33.05 per share. When a stock meets its target, analysts typically have two options: downgrade based on valuation or raise their targets to reflect stronger expectations. Their decision often hinges on recent business developments that might justify a stock’s increase.
There are four different analyst targets included in the Zacks coverage for Kyndryl Holdings Inc. While analysts provide varying targets, the average reflects a consensus view rather than a single opinion. Some analysts project a lower price of $30.00, while others are more optimistic, forecasting a target of $35.00. The standard deviation among these estimates is $2.061.
Examining the average target price of KD offers a glimpse into broader market sentiment, blending insights from various analysts rather than relying on one individual’s perspective. With KD now exceeding that average target price of $32.75 per share, it invites investors to reassess the stock’s potential: is $32.75 merely a stepping stone toward an even higher target, or is it time to consider taking profits? Below is a table detailing current analyst perspectives on Kyndryl Holdings Inc:
| Recent KD Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 4 | 5 | 5 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.33 | 1.4 | 1.33 | 1.33 |
The average rating in the table ranks analysts from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This report utilizes data from Zacks Investment Research via Quandl.com. To see the latest Zacks research report on KD, visit their site for more information.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
