Guggenheim Initiates Coverage of Kyndryl Holdings with Buy Recommendation, Sees 59.42% Upside Potential

Guggenheim initiates coverage of Kyndryl Holdings (KD) with a Buy recommendation. The average one-year price target for KD is $40.03/share, representing a 59.42% increase from its latest closing price. The projected annual revenue is 16,697MM, an increase of 11.25%, with a projected annual non-GAAP EPS of -0.76. There are 1,172 funds reporting positions in KD, with an average portfolio weight of 0.18%.