Kyndryl Wins Wall Street Support As 'Triple A' Plan Fixes Profits After IBM Split: Analyst

Benzinga_recent_news11-29

Kyndryl Holdings, Inc (NYSE:KD) is gaining momentum in its post-International Business Machines Corp (NYSE:IBM) transformation. The KD Analyst: On Wednesday, Guggenheim analyst Jonathan Lee initiated ...

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Kyndryl has executed a successful turnaround strategy and is well-positioned to gain share in the growing IT infrastructure services market.\n\n\n\n\n\nGuggenheim analyst initiates coverage on Kyndryl with a Buy rating and $30 price target. Kyndryl has executed a successful turnaround strategy and is well-positioned in the growing IT infrastructure services market.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","BK4612":"AI芯片","BK4538":"云计算","KD":"Kyndryl","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","BK4579":"人工智能","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","BK4588":"碎股","IBM":"IBM","BK4134":"信息科技咨询与其它服务","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4543":"AI","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4602":"量子计算概念","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","BK4575":"芯片概念","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD"},"translate_title":"分析师：Kyndryl赢得华尔街支持，“AAA”计划在IBM分拆后修复利润","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBM":1.5,"KD":1.5},"content_text":"Kyndryl Holdings, Inc (NYSE:KD) is gaining momentum in its post-International Business Machines Corp (NYSE:IBM) transformation.\nThe KD Analyst: On Wednesday, Guggenheim analyst Jonathan Lee initiated coverage on Kyndryl with a Buy rating. His price forecast is currently $30.\nLee argues that Kyndryl has executed a disciplined and effective turnaround strategy since its 2021 spin-off from IBM.\nAlso Read: Kyndryl Cloud Soars In Q2, Expands Global AI Footprint, Raises Buyback By $400 Million\nThe Analyst Thesis: Management's \"Triple A\" framework focused on Alliances, Advanced Delivery, and Accounts. It improved contract-signing quality, automating operations, and enforcing tighter contract discipline, Lee says.\nDespite operating in a slow-growth segment of the IT services market, Kyndryl has a profitable and sustainable free cash flow.\nLee noted that Kyndryl has worked to replace legacy IBM-related deal flow by expanding partnerships with hyperscalers and technology vendors.\nThose alliances help Kyndryl shift toward higher-value offerings, including consulting, cloud-enabled managed services, cybersecurity, and data and AI solutions, the analyst noted.\nAt the same time, he said the company is aggressively standardizing service delivery to boost productivity and free teams to support higher-margin opportunities.\nBy focusing on contract economics, Kyndryl has exited or repriced lower-quality engagements, strengthening its portfolio and expanding margins. Management aims to triple cash flow, double pretax earnings, and deliver single-digit revenue growth by 2028, and early results show progress: adjusted EBITDA margins rose from 12% in 2022 to 16.7% in 2025, alongside positive free cash flow.\nWhile the shift away from legacy infrastructure pressures revenue from traditional data centers, growth in cloud-based services is expected to offset declines. \nThe IT infrastructure services market could expand from $900 billion today to $1.2 trillion by 2029, and with high barriers to entry and limited scaled competitors, Kyndryl is well-positioned to stabilize and gain market share. \nRisks include delays in deal signings, pricing pressure, cybersecurity execution, and muted valuations, but analysts view Kyndryl as a standout turnaround opportunity in infrastructure outsourcing.\nLee projected third-quarter revenue of $3.93 billion and adjusted EPS of $0.85.\nKyndryl shares traded higher by 1.34% at $25.78 on Friday, according to Benzinga Pro data.\nRead Next:\nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2587734310","isCrawlerRequest":true}