Susquehanna analyst James Friedman raised the firm’s price target on Kyndryl Holdings (KD) to $46 from $40 and keeps a Positive rating on the shares. The firm said while gross margins on post-spin signings landed at 25%, the volume of signings is boosting the numerator of the GP/BB leading to believe the “AAA” strategy to improve profitability and expand margins is ahead of plan.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KD:
- IBM’s Spin-off Kyndryl Holdings (KD) Is a Rising Leader in IT Infrastructure and Cloud Services
- Kyndryl Holdings Reports Strong Q3 Fiscal 2025 Results
- Kyndryl Holdings Reports Strong Earnings Growth
- Kyndryl Holdings price target raised to $43 from $37 at Oppenheimer
- Kyndryl Holdings sees Q4 revenue up 2% from $3.74B in Q3