Analysts Set Kodiak AI, Inc. (NASDAQ:KDK) Price Target at $15.90

Kodiak AI, Inc. (NASDAQ:KDK) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.90.

A number of research analysts recently weighed in on KDK shares. Wall Street Zen downgraded Kodiak AI to a “strong sell” rating in a research note on Friday, November 28th. TD Cowen initiated coverage on Kodiak AI in a research report on Monday, November 10th. They set a “buy” rating and a $14.00 target price for the company. Chardan Capital reissued a “buy” rating and issued a $22.00 price target on shares of Kodiak AI in a research report on Thursday, February 19th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th.

Kodiak AI Stock Up 0.7%

Shares of NASDAQ:KDK opened at $8.92 on Thursday. The firm has a market capitalization of $1.62 billion, a PE ratio of -26.24 and a beta of -0.34. The business has a 50-day moving average of $9.20. Kodiak AI has a fifty-two week low of $5.43 and a fifty-two week high of $11.62.

Institutional Investors Weigh In On Kodiak AI

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amova Asset Management Americas Inc. bought a new position in Kodiak AI during the third quarter worth $4,228,000. ARK Investment Management LLC bought a new stake in Kodiak AI in the 3rd quarter valued at $6,290,000. Charles Schwab Investment Management Inc. bought a new stake in Kodiak AI in the 4th quarter valued at $6,831,000. State Street Corp acquired a new stake in Kodiak AI in the 4th quarter worth $5,885,000. Finally, AlphaCentric Advisors LLC acquired a new stake in Kodiak AI in the 4th quarter worth $819,000. 72.95% of the stock is owned by institutional investors and hedge funds.

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.