Oppenheimer analyst Ian Zaffino maintains $Kyndryl (KD.US)$ with a buy rating, and adjusts the target price from $33 to $37.
According to TipRanks data, the analyst has a success rate of 49.9% and a total average return of 5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Kyndryl (KD.US)$'s main analysts recently are as follows:
Kyndryl Holdings, noted for being the world's largest provider of IT infrastructure services, has effectively cultivated a more profitable business landscape since its separation from IBM in 2021. The company aims for a return to organic constant-currency growth by fiscal Q4 of FY25. Despite the recent significant rise in share price following a positive investor day, it is believed that the current market valuation does not fully encapsulate the improving business mix and growth trends, suggesting potential for further appreciation.
Following their investor day, the sentiment on Kyndryl Holdings has continued to improve as management announced a significant share buyback program, further asserting their commitment to achieving $1B in free cash flow by fiscal 2028 compared to $300M in 2025. This strategic financial move represents greater potential for returns on capital, utilizing just one year of anticipated free cash flow.
Note:
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