Kodiak AI (NASDAQ:KDK) Price Target Lowered to $11.00 at Citigroup

Kodiak AI (NASDAQ:KDK) had its target price cut by research analysts at Citigroup from $13.50 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 32.05% from the company’s previous close.

KDK has been the subject of several other research reports. TD Cowen reduced their target price on shares of Kodiak AI from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Kodiak AI in a research note on Friday, March 27th. Northland Securities set a $11.00 target price on shares of Kodiak AI in a research note on Monday. Chardan Capital reduced their target price on shares of Kodiak AI from $22.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Kodiak AI from a “strong sell” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.60.

Kodiak AI Stock Up 5.0%

NASDAQ:KDK traded up $0.40 during trading hours on Wednesday, reaching $8.33. 1,055,223 shares of the company’s stock were exchanged, compared to its average volume of 645,510. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -12.74 and a beta of 0.40. The company has a 50-day moving average of $8.24 and a 200 day moving average of $8.43. Kodiak AI has a 1-year low of $5.43 and a 1-year high of $11.62.

Institutional Trading of Kodiak AI

Several hedge funds and other institutional investors have recently made changes to their positions in KDK. JPMorgan Chase & Co. purchased a new position in shares of Kodiak AI in the third quarter valued at $36,000. Parkside Financial Bank & Trust acquired a new position in Kodiak AI during the fourth quarter worth about $44,000. Farther Finance Advisors LLC acquired a new position in Kodiak AI during the fourth quarter worth about $78,000. Cannon Global Investment Management LLC acquired a new position in Kodiak AI during the first quarter worth about $119,000. Finally, Bank of New York Mellon Corp raised its position in Kodiak AI by 143.5% during the first quarter. Bank of New York Mellon Corp now owns 25,779 shares of the company’s stock worth $179,000 after acquiring an additional 15,190 shares during the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Key Stories Impacting Kodiak AI

Here are the key news stories impacting Kodiak AI this week:

• Neutral Sentiment: Northland Securities adjusted several earnings forecasts for Kodiak AI after its May 8 research update. The firm raised near-term estimates for Q2 2026, Q4 2026, FY2026, and Q1 2027, which suggests improved expectations for some upcoming periods, but it also cut FY2027 and FY2028 estimates, signaling that longer-term profitability remains uncertain. MarketBeat Kodiak AI research summary
• Neutral Sentiment: A separate report highlighted Kodiak AI as a young technology stock with autonomous-driving upside, which may support investor interest in the company’s long-term growth story. Kodiak AI Inc (KDK): A Young Technology Stock Poised for Autonomous Driving Opportunities
• Negative Sentiment: Seeking Alpha warned that Kodiak AI is facing a major delay in its flagship 100-truck Atlas order, pushing meaningful revenue growth into 2027 and increasing concerns around cash burn. The article also pointed to larger operating losses and recent share dilution, both of which can pressure the stock. Kodiak AI: Major Delay And Dilution

Kodiak AI Company Profile

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.