Professional
Added to YB: 2024-12-12
Pitch date: 2024-10-31
KD [bullish]
Kyndryl Holdings, Inc.
+70.26%
current return
Author Info
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Company Info
Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide.
Market Cap
$9.0B
Pitch Price
$23.10
Price Target
44.60 (+13%)
Dividend
N/A
Sector
IT Services
Category
value
Show full summary:
Rewey Asset Management Portfolio Holding: Kyndryl Holdings, Inc.
KD: Neglected IT infrastructure co. post-IBM spin shows 94% upside to $44.60 PT. Transitioning to higher-margin contracts, partnering w/ tech giants. FY25: $300M FCF, revenue growth inflection. AAA initiatives driving growth. 2.6x EV/EBITDA cheap vs 5x target. Potential dividend & takeover candidate. Risks: tech sector weakness.
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