TD Cowen Turns Bullish on Kodiak AI (KDK): The AV Stock to Watch

Kodiak AI, Inc. (NASDAQ: KDK) is one of the Trending AI Stocks on Wall Street. On November 10, TD Cowen initiated the stock as “Buy” with a $14 price target. The firm believes that the autonomous vehicle tech company is well positioned.

“We initiate coverage of Kodiak AI with a Buy rating and $14 price target.”

The firm cited a positive stance on the AV Trucking vertical and Kodiak’s unique exposure to global Industrial and off-road markets behind the rating initiation.

According to the firm, these markets have the potential to alone scale Kodiak to breakeven while diversifying revenue and also increasing the stock’s catalyst potential.

On the Street, Kodiak AI, Inc. (NASDAQ:KDK) sports a consensus Strong Buy rating and an average price target of $14.38. The average price target implies an upside of roughly 81% from current levels.

Kodiak AI develops autonomous vehicle technology and related services.

While we acknowledge the potential of KDK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Must-Watch AI Stocks on Wall Street and 10 AI Stocks in the Spotlight This Week. Disclosure: None.