Kodiak AI (NASDAQ:KDK) Coverage Initiated at TD Cowen

Equities researchers at TD Cowen began coverage on shares of Kodiak AI (NASDAQ:KDK) in a research report issued on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $14.00 price target on the stock. TD Cowen’s price target would suggest a potential upside of 76.10% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Chardan Capital started coverage on shares of Kodiak AI in a report on Thursday, October 30th. They issued a “buy” rating and a $22.00 target price for the company. Weiss Ratings started coverage on shares of Kodiak AI in a research report on Saturday, October 11th. They set a “sell (e+)” rating for the company. Zacks Research raised Kodiak AI to a “hold” rating in a research report on Tuesday, October 21st. Northland Capmk upgraded Kodiak AI to a “strong-buy” rating in a research note on Wednesday, October 29th. Finally, Citigroup began coverage on Kodiak AI in a report on Monday, October 20th. They issued a “buy” rating and a $13.50 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.90.

Kodiak AI Trading Down 0.4%

Shares of Kodiak AI stock opened at $7.95 on Monday. The stock has a market capitalization of $491.79 million, a P/E ratio of 30.58 and a beta of -0.19. Kodiak AI has a 1 year low of $5.77 and a 1 year high of $11.62.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kodiak AI stock. JPMorgan Chase & Co. bought a new position in Kodiak AI, Inc. (NASDAQ:KDK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,274 shares of the company’s stock, valued at approximately $36,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

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.