Susquehanna lowered the firm’s price target on Kyndryl Holdings (KD) to $40 from $47 and keeps a Positive rating on the shares. The firm said walking away from some unprofitable renewals landed revenue just below expectations this quarter, but the overall narrative remains compelling as the strategy to improve profitability and expand margins remains on track.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KD:
- Kyndryl Holdings expands strategic alliance with HPE
- Kyndryl Holdings Reports Strong Q1 Fiscal 2026 Results
- Kyndryl Holdings Reports Strong Growth Amid Challenges
- Kyndryl Holdings, Nova Intelligence announce strategic collaboration
- Kyndryl Holdings should be bought on current weakness, says Oppenheimer