Scotiabank Maintains Sector Outperform Rating for Kyndryl Hldgs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Scotiabank has reaffirmed its Sector Outperform rating for Kyndryl Holdings (NYSE:KD) and increased its price target from $25.00 to $28.00. Despite a slight decline in share price over the last 24 hours, the new target suggests a potential upside of 30.23%. Kyndryl Holdings is recognized for its technology and infrastructure services, offering advisory, implementation, and managed services to modernize enterprise IT environments.
March 11, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Scotiabank maintains Sector Outperform rating for Kyndryl Holdings and raises price target from $25.00 to $28.00, indicating a potential 30.23% upside from the current price.
The reaffirmation of the Sector Outperform rating by Scotiabank, coupled with an increased price target, suggests a strong confidence in Kyndryl Holdings' future performance. Given the company's role in providing essential technology and infrastructure services, this positive outlook could lead to increased investor interest and a potential rise in stock price, especially considering the significant 30.23% upside implied by the new price target.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100