Kyndryl (NYSE:KD) Price Target Lowered to $40.00 at JPMorgan Chase & Co.

Kyndryl (NYSE:KD) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $45.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 50.55% from the stock’s previous close.

Several other equities analysts have also commented on KD. Wall Street Zen lowered Kyndryl from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyndryl in a report on Wednesday, October 8th. Susquehanna set a $35.00 target price on shares of Kyndryl in a research report on Thursday. Morgan Stanley began coverage on shares of Kyndryl in a research report on Friday, September 26th. They issued an “equal weight” rating and a $30.00 target price for the company. Finally, Zacks Research cut shares of Kyndryl from a “hold” rating to a “strong sell” rating in a research report on Monday, September 29th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.00.

Kyndryl Stock Up 1.6%

KD stock traded up $0.43 during trading on Thursday, reaching $26.57. The stock had a trading volume of 4,160,062 shares, compared to its average volume of 2,336,445. Kyndryl has a 1-year low of $24.49 and a 1-year high of $44.20. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $6.14 billion, a P/E ratio of 15.72, a PEG ratio of 3.07 and a beta of 1.84. The firm has a fifty day moving average price of $30.10 and a 200 day moving average price of $34.62.

Kyndryl (NYSE:KD) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.84 billion. Kyndryl had a net margin of 2.71% and a return on equity of 25.99%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 EPS. Kyndryl has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Kyndryl will post 0.73 earnings per share for the current year.

Institutional Trading of Kyndryl

Several institutional investors and hedge funds have recently added to or reduced their stakes in KD. Sound Shore Management Inc CT acquired a new stake in Kyndryl during the third quarter valued at approximately $61,113,000. Nuveen LLC acquired a new stake in Kyndryl during the first quarter valued at approximately $30,466,000. GMT Capital Corp lifted its position in shares of Kyndryl by 24.2% in the 1st quarter. GMT Capital Corp now owns 3,691,860 shares of the company’s stock valued at $115,924,000 after acquiring an additional 718,300 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Kyndryl by 1,167.1% in the 3rd quarter. Federated Hermes Inc. now owns 691,496 shares of the company’s stock valued at $20,766,000 after acquiring an additional 636,925 shares in the last quarter. Finally, Cortland Associates Inc. MO lifted its position in shares of Kyndryl by 39.2% in the 3rd quarter. Cortland Associates Inc. MO now owns 2,105,082 shares of the company’s stock valued at $63,216,000 after acquiring an additional 592,751 shares in the last quarter. 71.53% of the stock is 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.