Chardan Capital Reiterates Buy Rating for Kodiak AI (NASDAQ:KDK)

Kodiak AI (NASDAQ:KDK)‘s stock had its “buy” rating reissued by Chardan Capital in a research report issued on Thursday,Benzinga reports. They presently have a $22.00 price objective on the stock. Chardan Capital’s price target would suggest a potential upside of 155.52% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Northland Securities set a $17.00 price objective on shares of Kodiak AI in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kodiak AI in a research note on Monday, December 29th. TD Cowen initiated coverage on Kodiak AI in a research note on Monday, November 10th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Wall Street Zen lowered Kodiak AI to a “strong sell” rating in a report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.90.

Kodiak AI Stock Performance

Kodiak AI stock opened at $8.61 on Thursday. The firm has a market cap of $1.56 billion, a PE ratio of -25.32 and a beta of -0.40. The firm’s 50-day moving average is $9.49. Kodiak AI has a 52 week low of $5.43 and a 52 week high of $11.62.

Institutional Investors Weigh In On Kodiak AI

Several hedge funds have recently modified their holdings of KDK. Parkside Financial Bank & Trust acquired a new position in shares of Kodiak AI in the 4th quarter valued at $44,000. JPMorgan Chase & Co. acquired a new position in shares of Kodiak AI in the third quarter worth about $36,000. Farther Finance Advisors LLC acquired a new position in shares of Kodiak AI in the fourth quarter worth about $78,000. Ieq Capital LLC purchased a new position in shares of Kodiak AI in the fourth quarter worth approximately $186,000. Finally, XTX Topco Ltd acquired a new stake in shares of Kodiak AI during the fourth quarter valued at approximately $188,000. 72.95% of the stock is 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. 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.