Kodiak AI

KDK · NASDAQ

$1.22+$0.02 (+1.67%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $1.20

KDK analyst rating

BuyConsensus of 7 analysts over the last 12 months. 86% rate it a buy.

Strong buy0
Buy6
Hold1
Underperform0
Sell0

12-month price target · 10 analysts

Average $10.71 (+777.9% upside)

Low: $8.08
Now: $1.22
High: $13.65

Upgrades and downgrades

The latest rating actions, newest first

KDK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Chardan Capital	Sep 25, 2026	Maintains	Buy	$12.00	28%
Morgan Stanley	Sep 11, 2026	Initiates	Equal-Weight	$9.00	48%
Chardan Capital	Sep 9, 2026	Maintains	Buy	$12.00	28%
Needham	Sep 9, 2026	Initiates	Buy	$8.00	33%
Oppenheimer	Aug 25, 2026	Initiates	Outperform	$9.00	37%
Craig-Hallum	Jun 15, 2026	Initiates	Buy	$12.00	—
Citigroup	May 13, 2026	Maintains	Buy	$13.50 → $11.00	57%
Chardan Capital	May 8, 2026	Maintains	Buy	$22.00 → $15.00	28%
Chardan Capital	Mar 25, 2026	Maintains	Buy	$22.00	28%
TD Cowen	Mar 12, 2026	Maintains	Buy	$14.00 → $13.00	42%

The case for and against

Updated Oct 21, 2026

Bull case

Kodiak AI is positioned for a constructive long-term setup because its Autonomous Readiness Measure reached 93% by the end of August, up from 91% at the end of July and 84% at the end of February, signaling steady execution toward driverless commercial service by year-end. Its California pilot with DTL Transport and the autonomous Dallas-to-Houston run show that the technology is moving from development into real freight operations, while Atlas Energy already had 35 Kodiak-powered autonomous trucks deployed as of Q2 and plans to reach 50 by year-end and 100 by mid-2027. Fundamental upside is amplified by access to a ~$1T U.S. trucking market, a scalable single-platform Kodiak Driver, and tangible proof points across harsh off-road and long-haul use cases, despite the noted financing need.

Bear case

Kodiak AI is burdened by a financing overhang because it ended 2Q26 with $151 million of cash while burning about $42 million per quarter, implying it could run out of cash by 2Q27 and likely needs another raise. Its commercialization path also looks fragile, with dependence on Atlas as a sole customer, no class 8 OEM partner, and execution risks around driverless highway operations in the second half of 2026 that could be delayed by regulation, supply-chain constraints, or weak deployment cadence. Even if demand materializes, warrant dilution from roughly 40 million warrants at a $6 strike and another ~40 million above $9 clouds the equity story, while pricing, margins, and self-funding remain uncertain.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.