Nearly three years ago, a note on Kyndryl was published. Since then, the company has made notable progress in reshaping its business following the spin-off from IBM. In November 2024, Kyndryl announced a new growth strategy along with the launch of a share repurchase program, signaling confidence in its future prospects. Recent developments have brought encouraging news.
While there may still be some upside potential, the stock now appears closer to fair value, and the market currently offers a range of other compelling opportunities. Let others enjoy the rest of the ride;)
Notably, the stock price has risen approximately 115% compared to its level in January 2022.
Current Price
$38.90
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