Kodiak AI, Inc. (NASDAQ:KDK) Receives $16.38 Average Target Price from Brokerages

Shares of Kodiak AI, Inc. (NASDAQ:KDK) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $16.3750.

A number of analysts have recently issued reports on KDK shares. Zacks Research raised Kodiak AI to a “hold” rating in a research report on Tuesday, October 21st. Citigroup began coverage on Kodiak AI in a report on Monday, October 20th. They set a “buy” rating and a $13.50 price objective on the stock. Cantor Fitzgerald initiated coverage on Kodiak AI in a research note on Monday, October 20th. They set an “overweight” rating and a $13.00 target price for the company. Northland Securities set a $17.00 price target on shares of Kodiak AI in a research report on Thursday. Finally, Chardan Capital began coverage on shares of Kodiak AI in a research note on Thursday. They issued a “buy” rating and a $22.00 price target for the company.

Kodiak AI Price Performance

NASDAQ:KDK opened at $9.03 on Friday. The stock has a market capitalization of $558.60 million, a price-to-earnings ratio of 34.73 and a beta of -0.24. Kodiak AI has a 1-year low of $5.77 and a 1-year high of $11.62.

About Kodiak AI

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.