Analysts see over 136% upside for KDK after the firm initiated coverage with a Buy rating and $12 target.
Craig-Hallum initiated coverage of Kodiak AI Inc. (NASDAQ:KDK) with a Buy rating and a $12 price target, suggesting over 136% upside. The firm praised Kodiak’s autonomous vehicle platform, noting its redundant hardware and ability to operate in unstructured environments.
Kodiak AI recently filed to allow selling stockholders to offer 30.77 million shares, though the company itself will not receive proceeds. The firm’s technology has gained traction in industrial and military deployments, supporting its commercialization strategy.