TD Cowen Turns Bullish on Kodiak AI (KDK): The AV Stock to Watch

Kodiak AI, Inc. (NASDAQ: KDK) is one of the Trending AI Stocks on Wall Street. On November 10, TD Cowen initiated the stock as “Buy” with a $14 price target. The firm believes that the autonomous vehicle tech company is well positioned.

“We initiate coverage of Kodiak AI with a Buy rating and $14 price target.”

The firm cited a positive stance on the AV Trucking vertical and Kodiak’s unique exposure to global Industrial and off-road markets behind the rating initiation.

According to the firm, these markets have the potential to alone scale Kodiak to breakeven while diversifying revenue and also increasing the stock’s catalyst potential.

On the Street, Kodiak AI, Inc. (NASDAQ:KDK) sports a consensus Strong Buy rating and an average price target of $14.38. The average price target implies an upside of roughly 81% from current levels.

Kodiak AI develops autonomous vehicle technology and related services.

While we acknowledge the risk and potential of KDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KDK and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.