search icon
      blog search icon

      An Analyst Upgrade Lifted Kyndryl (KD) Stock Last Session

      By Fahim Awan

      Published on

      December 19, 2023

      1:19 PM UTC

      An Analyst Upgrade Lifted Kyndryl (KD) Stock Last Session

      Monday’s regular session saw a rise in Kyndryl Holdings, Inc. (NYSE: KD) shares, which went up 5.99% to $19.47. An analyst upgrade contributed to the spike in Kyndryl shares. The shares recommendation of Kyndryl (KD) was raised from a “Neutral” to a “Overweight” rating by JP Morgan on Monday. Additionally, the analyst firm increased its price target from $20 to $25.

      Kyndryl recently received recognition by IT and business services research company NelsonHall as a leader in Digital Workplace Services. It was mentioned in its Advanced Digital Workplace Services (ADWS) 2023 Vendor Evaluation & Assessment Tool (NEAT) report. In all four of the market areas covered by the report—Overall, Build Services Capability, Microsoft Capabilities, and Run Services Capabilities—Kyndryl was rated as a “Leader” within ADWS NEAT.

      Twenty providers of digital workplace services were assessed by NelsonHall on their capacity to satisfy future client demands as well as their ability to give consumers with current benefits. In order to allow targeted business objectives, the research identified KD as a leader for its co-creation and tailored approach—which is bolstered by Kyndryl Vital—to integrating analytics, cognitive, and automation into all digital workplace products while putting people at the center.

      NelsonHall acknowledged the KD’s proficiency in offering clients the cutting-edge digital workplace solutions required to support both the business and workers in thriving. Because of its experience, businesses can easily adjust to a hybrid workplace, promoting teamwork and increasing output wherever workers are required to work.

      NelsonHall also mentioned Kyndryl’s agnostic tools and capabilities, which enable its clients to capitalize on their current investments in the areas they see appropriate and get access to an employee-focused integrated platform that offers automation and analytics across many channels. Kyndryl’s comprehensive approach to DWS allows for further customisation of Experience Level Agreements (XLAs) and links various data points to business results.

      Kyndryl approaches digital workplace services from a human-centric perspective, emphasizing experience and business results. Additionally, it assesses XLAs related to device experience, support, digital, and onboarding.

      More From Stocks telegraph