The average brokerage recommendation (ABR) for Kyndryl Holdings, Inc. (KD) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today released the results of its second annual State of Mainframe Modernization Survey, declaring that 2024 is the year of AI adoption on the mainframe. The survey also reaffirmed that while modernization projects are delivering significant financial benefits, many organizations continue to face skills shortages, preventing the transformation of complex, mission-critical systems.
Over the last 7 days, the United States market has dropped 1.4%, but it is up 21% over the past year with earnings forecast to grow by 15% annually. In this dynamic environment, identifying high growth tech stocks that can capitalize on these trends is crucial for investors looking to maximize their returns.