Earnings Report: Kyndryl Holdings reported a second-quarter adjusted earnings per share of 38 cents, surpassing analyst expectations, while revenues of $3.721 billion slightly missed estimates, reflecting a 1% year-over-year decline.
AI Expansion: The company is expanding its AI services with new technology hubs in the U.K., France, Singapore, and an AI Innovation Lab in India, with 25% of recent signings being AI-related.
Share Buyback: Kyndryl repurchased 2.9 million shares for $89 million in the second quarter and has approved an additional $400 million for share buybacks, while maintaining a strong cash position of $1.33 billion.
Future Outlook: For fiscal year 2026, Kyndryl anticipates a 1% revenue growth, projecting approximately $15.20 billion in revenue, and aims to achieve sustainable mid-single-digit growth by fiscal year 2028.
Wall Street analysts forecast CSD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast CSD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 112.464
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Current: 112.464
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
