Streetbeat News

Kyndryl Holdings, Inc.

https://www.kyndryl.com

Industry

Information Technology Services

Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and cloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, telecommunications, retail, automobile, and transportation industries. The company was incorporated in 2020 and is headquartered in New York, New York.

Open

34.27

Mkt cap

8.2B

Volume

1.9M

High

35.48

P/E Ratio

60.81

52-wk high

43.61

Low

34.18

Div yield

N/A

52-wk low

19.23

BlackRock's Investment Institute's 2024 Global Outlook suggests AI investment opportunities are shifting from semiconductors and cloud computing to AI Model infrastructure. Companies like NVIDIA, AMD, Alphabet, Microsoft, and Broadcom have benefited from the AI boom in 2023. BlackRock highlights IBM, Salesforce, Accenture, and Kyndryl as key players in the AI Model infrastructure space, with IBM acquiring StreamSets and webMethods, and Accenture acquiring Ammagamma. BlackRock is overweight on AI theme in developed market stocks for the next 6-12 months, expecting tech sector earnings to drive U.S. corporate profit growth in 2024.

Portfolio Pulse from Surbhi Jain

December 19, 2023 | 1:22 pm

Kyndryl's stock (KD) has seen a positive shift in market sentiment after JP Morgan upgraded the stock from Neutral to Overweight and increased the price target from $20 to $25.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 5:33 pm

JP Morgan analyst Tien-Tsin Huang has upgraded Kyndryl Holdings (NYSE:KD) from Neutral to Overweight and increased the price target from $20 to $25.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 4:09 pm

Kyndryl, in partnership with Microsoft, has published the results of the Global Sustainability Barometer Study, which assesses the current state of sustainability efforts worldwide.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 6:28 am

Kyndryl has announced a collaboration with Amazon Web Services (AWS) to expedite the modernization of mainframe applications for its customers. This partnership aims to enhance Kyndryl's capabilities in transforming and migrating mainframe workloads to AWS, thereby enabling customers to innovate faster and reduce costs.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:39 pm

Institutional investors have shown increased interest in five tech stocks according to 13F filings. Western Digital Corp (WDC) partners with AMD, AVGO, MSFT, ORCL, SAP, and VMW, and its stock is up 46.48% YTD. Taiwan Semiconductor (TSM) serves major clients like NVDA, AMD, AAPL, ARM, AVGO, MRVL, MDTKF, and QCOM, with a 46.48% YTD increase. Silicon Motion (SIMO) works with INTC and MU, up 33.11% YTD. NXP Semiconductors (NXPI) serves the automotive and IoT sectors, up 29.51% YTD. Kyndryl Holdings (KD), an IBM spinoff, partners with MSFT and DOW, and is up 56.56% YTD.

Portfolio Pulse from Surbhi Jain

November 17, 2023 | 5:17 pm

Susquehanna has maintained its Neutral rating for Kyndryl Hldgs (NYSE:KD) and raised its price target from $15.00 to $19.00. Kyndryl Hldgs' shares are currently trading up 0.45% over the last 24 hours, at $17.75 per share. A move to $19.00 would account for a 7.04% increase from the current share price.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 5:00 pm

Susquehanna analyst James Friedman maintains a Neutral rating on Kyndryl Hldgs (NYSE:KD) and raises the price target from $15 to $19.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 3:15 pm

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. GAN Limited (NASDAQ:GAN) surged 83.9% after agreeing to be acquired by Sega Sammy Creation. Blade Air Mobility, Inc. (NASDAQ:BLDE) surged 27.3% after reporting strong Q3 FY23 revenue growth. On the other hand, DURECT Corporation (NASDAQ:DRRX) shares fell 75.5% after its Phase 2B AHFIRM trial did not achieve statistical significance. FTC Solar, Inc. (NASDAQ:FTCI) fell 62.8% after reporting Q3 earnings and announcing the departure of its CEO and CFO.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 6:41 pm

Kyndryl Holdings reported better-than-expected Q2 financial results and raised its FY24 adjusted pretax income guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:11 pm

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