Kardigan (NASDAQ:KARD) Upgraded to Strong-Buy at Robert W. Baird

Posted by Ethan Ryder on Oct 23rd, 2026

Kardigan (NASDAQ:KARD – Get Free Report) was upgraded by research analysts at Robert W. Baird to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks reports.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of Kardigan to a “hold” rating in a research note on Wednesday, July 15th. TD Cowen began coverage on Kardigan in a research note on Monday, July 13th. They issued a “buy” rating and a $46.00 price objective on the stock. Wall Street Zen downgraded Kardigan from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Leerink Partners started coverage on Kardigan in a report on Monday, July 13th. They issued an “outperform” rating and a $37.00 price target on the stock. Finally, Weiss Ratings initiated coverage on shares of Kardigan in a research note on Monday, September 14th. They set a “sell (d)” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.50.

Read Our Latest Research Report on KARD

Kardigan Price Performance

Shares of NASDAQ:KARD opened at $12.74 on Wednesday. Kardigan has a one year low of $12.23 and a one year high of $27.00. The firm’s fifty day moving average is $17.21.

Kardigan (NASDAQ:KARD – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported ($4.61) EPS for the quarter. On average, equities research analysts expect that Kardigan will post -3.72 EPS for the current year.

Institutional Trading of Kardigan

A number of institutional investors have recently made changes to their positions in the business. Jupiter Topco LLC acquired a new position in Kardigan during the second quarter worth $17,715,000. Montanova Capital LLC bought a new position in Kardigan in the second quarter valued at $9,540,000. Bank of New York Mellon Corp bought a new position in Kardigan in the second quarter valued at $9,010,000. Braidwell LP acquired a new stake in Kardigan in the 2nd quarter valued at $7,155,000. Finally, Citadel Advisors LLC acquired a new stake in Kardigan in the 2nd quarter valued at $2,862,000.