Cantor Fitzgerald analyst Andres Sheppard initiated coverage of Kodiak AI (KDK) with an Overweight rating and $13 price target The company develops an artificial intelligence-powered autonomous driving technology for commercial trucks, the analyst tells investors in a research note. The firm sees Kodiak benefitting from a pickup of autonomous vehicle deployments amid more favorable regulation, a broader market reach, and an asset light model with recurring subscription-based revenues. Cantor is bullish on self-driving.
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