Date | Price Target | Rating | Analyst |
---|---|---|---|
6/27/2024 | $33.00 | Outperform | Oppenheimer |
2/12/2024 | $19.00 → $27.00 | Neutral → Positive | Susquehanna |
1/8/2024 | $26.00 | In-line → Outperform | Evercore ISI |
12/18/2023 | $20.00 → $25.00 | Neutral → Overweight | JP Morgan |
4/21/2023 | $22.00 | Sector Outperform | Scotiabank |
1/12/2023 | $14.00 | Neutral | Susquehanna |
8/2/2022 | $12.00 | Neutral | JP Morgan |
11/15/2021 | $22.00 | In-Line | Evercore ISI Group |
Oppenheimer initiated coverage of Kyndryl with a rating of Outperform and set a new price target of $33.00
Susquehanna upgraded Kyndryl from Neutral to Positive and set a new price target of $27.00 from $19.00 previously
Evercore ISI upgraded Kyndryl from In-line to Outperform and set a new price target of $26.00
10-Q - Kyndryl Holdings, Inc. (0001867072) (Filer)
8-K - Kyndryl Holdings, Inc. (0001867072) (Filer)
8-K - Kyndryl Holdings, Inc. (0001867072) (Filer)
NEW YORK, July 2, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today announced the appointment of a new Chief Information Officer (CIO) and leadership changes in two of its major practices, Applications, Data and AI and Cloud. Kim Basile has been named Kyndryl's new CIO, succeeding Michael Bradshaw, who is assuming leadership of the company's Applications, Data and AI practice. Additionally, Nicolas Sekkaki has been named the Practice Leader for Kyndryl's Cloud practice. "I am pleased to announce Kim as our new Chief Inform
NEW YORK, Jan. 4, 2024 /PRNewswire/ -- Clayton, Dubilier & Rice ("CD&R" or the "Firm") today announced the appointment of Howard Ungerleider as an Operating Advisor to CD&R funds. Mr. Ungerleider will work closely with CD&R's industrials team on new investment opportunities and support the management teams of its relevant portfolio companies. Mr. Ungerleider brings with him over 30 years of experience working in the chemical, packaging and specialty materials industries, having held a number of senior management positions, most notably as President and Chief Financial Officer
Company will host earnings call on August 1, 2024 NEW YORK, July 15, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today announced that it will release results for the quarter ended June 30, 2024, the first quarter of its 2025 fiscal year, after market close on Wednesday, July 31, 2024. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Thursday, August 1, 2024. The live webcast can be accessed by vi
Acquires privately held Skytap to accelerate hybrid cloud adoption and help customers modernize mission-critical infrastructure platforms Announces definitive agreement to sell its Securities Industry Services business in Canada to Broadridge to enhance Kyndryl's focus on core growth areas NEW YORK, May 13, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced that it has acquired privately held Skytap, a leading specialized workload services provider. "The acquisition of Skytap reflects the proactive steps we're tak
Company will host earnings call on May 8, 2024 NEW YORK, April 29, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today announced that it will release results for the fourth quarter and full year ended March 31, 2024, after market close on Tuesday, May 7, 2024. Chairman and Chief Executive Officer Martin Schroeter and Chief Financial Officer David Wyshner will host an earnings conference call and webcast at 8:30 a.m. ET on Wednesday, May 8, 2024. The live webcast can be accessed by visiting investors.kyndryl.com
Kyndryl Hldgs's (NYSE:KD) short percent of float has fallen 5.13% since its last report. The company recently reported that it has 5.33 million shares sold short, which is 2.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.73 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest i
Kyndryl Holdings Inc (NYSE:KD) shares were climbing in early trading on Thursday, just days after the news of the company considering a joint bid for DXC Technology Co (NYSE:DXC). The stock is an "interesting investment opportunity," as the company is poised to return to revenue growth, with margin expansion and earnings of more than $3 in fiscal 2027, according to Oppenheimer. The Kyndryl Holdings Analyst: Ian Zaffino initiated coverage of Kyndryl Holdings with an Outperform rating and price target of $33. The Kyndryl Holdings Thesis: After its spinoff from IBM (NYSE:IBM), Kyndryl has been repricing its legacy no- and low-margin contracts, Zaffino said in the initiation note. Ch
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4 - Kyndryl Holdings, Inc. (0001867072) (Issuer)
4 - Kyndryl Holdings, Inc. (0001867072) (Issuer)
4 - Kyndryl Holdings, Inc. (0001867072) (Issuer)
Respondents also report up to 225% return on investment on their mainframe transformation initiatives in one year Mainframes continue to play a critical role in hybrid IT environments NEW YORK, Sept. 10, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today released the results of its second annual State of Mainframe Modernization Survey, declaring that 2024 is the year of AI adoption on the mainframe. The survey also reaffirmed that while modernization projects are delivering significant financial benefits, many organizations continue to face skills shortages, preventing the transformation of complex, mission-critical systems.
Revenues for the quarter ended June 30, 2024 total $3.74 billion, pretax income is $64 million, and net income is $11 millionAdjusted EBITDA is $556 million, adjusted pretax income is $92 million, and adjusted net income is $31 millionKyndryl Consult continues to gain momentum with double-digit revenue growth in the quarter and over the last twelve monthsRaises adjusted earnings outlook for fiscal year 2025 and reaffirms constant-currency revenue outlook with revenue growth in the fourth quarterNEW YORK, July 31, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE:KD), the world's largest IT infrastructure services provider, today released financial results for the quarter ended June 30, 2024,
New Kyndryl services to drive modernization for customers moving to RISE with SAP NEW YORK, July 23, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today announced the selection of the RISE with SAP® solution to accelerate its journey to the cloud and an expanded strategic alliance with SAP. As part of the expansion, Kyndryl will provide SAP® services for the delivery of SAP S/4HANA® Cloud Private Edition to help customers move to the cloud and continue solving their most complex digital transformation challenges. Since its i