KD - Kyndryl: Wait For The Turning Point

2024-04-20 01:05:43 ET

Summary

• Kyndryl is the largest IT infrastructure service provider in the world, with 80,000 employees and over 4,000 customers.
• Ongoing focus on higher-margin business and partnerships with hyperscalers may drive future growth and margin expansion.
• My price target implies minimal upside, but long-term potential seems attractive. Interested investors may want to wait until Kyndryl is closer to a turning point.

Kyndryl ( KD ) is a US-based IT infrastructure service provider founded in 2021 as a spin-off of IBM. It is currently the largest IT infrastructure service provider in the world, with 80,000 employees and over 4,000 customers....

For further details see: