Stock Track | Kyndryl Soars 5% as Analysts Raise Price Targets After Strong Quarterly Results

Stock Track

Feb 05, 2025

Shares of Kyndryl Holdings Inc. (KD) surged over 5% on Tuesday, outperforming the broader markets, as analysts raised their price targets and ratings on the company following its latest quarterly results.

Scotiabank analyst Divya Goyal maintained a Buy rating on Kyndryl and set a price target of $35 on the stock. Meanwhile, Oppenheimer raised its target price to $43 from $37 while keeping an Outperform rating, citing the company's strong financial performance.

The positive analyst actions come after Kyndryl reported better-than-expected results for its most recent quarter, driven by robust demand and effective cost management initiatives. The IT services provider has been focusing on strategic growth areas and operational efficiency to drive shareholder value.

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(KD) surged over 5% on Tuesday, outperforming the broader markets, as analysts raised their price targets and ratings on the company following its latest quarterly results.</p>\n\n<p>Scotiabank analyst Divya Goyal maintained a Buy rating on Kyndryl and set a price target of $35 on the stock. Meanwhile, Oppenheimer raised its target price to $43 from $37 while keeping an Outperform rating, citing the company's strong financial performance.</p>\n\n<p>The positive analyst actions come after Kyndryl reported better-than-expected results for its most recent quarter, driven by robust demand and effective cost management initiatives. The IT services provider has been focusing on strategic growth areas and operational efficiency to drive shareholder value.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KD","symbol_name":"Kyndryl","start_time":0,"source_url":"","article_id":"1146218789","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146218789","pubTimestamp":1738701863,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Kyndryl Holdings Inc.  surged over 5% on Tuesday, outperforming the broader markets, as analysts raised their price targets and ratings on the company following its latest quarterly results.Scotiabank analyst Divya Goyal maintained a Buy rating on Kyndryl and set a price target of $35 on the stock. 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