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

Kyndryl shares are trading higher after Oppenheimer initiated coverage with an Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:43 pm

Top Wall Street analysts initiated coverage on several companies with bullish ratings. BMO Capital initiated ACADIA Pharmaceuticals (ACAD) with an Outperform rating and a $31 price target. Mizuho initiated Grab Holdings (GRAB) with an Outperform rating and a $5 price target. Redburn Atlantic initiated Vertex Pharmaceuticals (VRTX) with a Buy rating and a $545 price target. Stephens & Co. initiated Hologic (HOLX) with an Overweight rating and an $87 price target. Oppenheimer initiated Kyndryl Holdings (KD) with an Outperform rating and a $33 price target.

Portfolio Pulse from Avi Kapoor

June 27, 2024 | 12:41 pm

Oppenheimer has initiated coverage on Kyndryl Holdings (NYSE:KD) with an Outperform rating and a price target of $33.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 12:02 pm

U.S. stock futures indicate a weak start on Tuesday following Monday's record close. Investors are cautious ahead of the Federal Reserve meeting and May inflation reports. Oracle's earnings are in focus due to its AI exposure. Yext fell 17.5% in premarket trading after quarterly results, while Kyndryl Holdings dropped over 3% on news of a joint bid for DXC Technology with Apollo Global Management. SPDR S&P 500 ETF Trust and Invesco QQQ ETF also saw slight declines in premarket trading.

Portfolio Pulse from Shanthi Rexaline

June 11, 2024 | 11:26 am

Apollo Global Management and Kyndryl Holdings are considering a joint bid for DXC Technology, with a per-share bid ranging between $22 and $25. This news caused DXC's shares to surge by 11%, closing at $18.45. DXC is also seeking bids for its insurance software business, valued at over $2 billion. The potential acquisition comes as Kyndryl receives positive attention from Wall Street, and Apollo continues to be a major player in private equity.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 1:20 am

Apollo Global Management and Kyndryl Holdings are reportedly making a joint bid to acquire DXC Technology, according to sources. This potential acquisition could significantly impact the involved companies.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 7:58 pm

Kyndryl and NVIDIA have announced a collaboration to develop generative AI-enabled solutions. This partnership aims to leverage NVIDIA's AI technology and Kyndryl's IT services to create innovative solutions for various industries.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 1:06 pm

Kyndryl has announced the expansion of its AI and generative AI services to accelerate mainframe modernization. This move aims to enhance the company's capabilities in modernizing legacy systems using advanced AI technologies.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 12:59 pm

Scotiabank analyst Divya Goyal maintains a Sector Outperform rating on Kyndryl Holdings (KD) and raises the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:22 pm

Broadridge Financial Solutions, Inc. (BR) is set to acquire Kyndryl's Securities Industry Services (SIS) wealth and capital markets technology platform, aimed at enhancing services for Canadian financial firms. Kyndryl will partner with Broadridge Canada to provide managed services for SIS.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:50 pm

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