Citi initiated coverage of Kodiak AI (KDK) with a Buy rating and $13.50 price target Kodiak AI, which completed its business combination with Ares Acquisition in September and began trading on the Nasdaq, is believed to be the first company to receive commercial revenue using autonomous capabilities for driverless trucks with Atlas Energy in the Permian Basis, the analyst tells investors. The firm, which believes the need for improved safety and asset utilization in trucking aligns with the advancement in autonomous capabilities, views Kodiak as “well positioned to be among the leaders” in the space.
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