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J.P. Morgan Sticks to Its Buy Rating for KE Holdings, Inc. Class A (2423)

Tipranks - Tipranks - Fri Mar 27, 5:36AM CDT

J.P. Morgan analyst maintained a Buy rating on KE Holdings, Inc. Class A on March 24 and set a price target of HK$47.00. The company’s shares closed today at HK$40.24.

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KE Holdings, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of HK$55.50, representing a 37.92% upside. In a report released on March 18, DBS also reiterated a Buy rating on the stock with a HK$49.31 price target.

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Based on KE Holdings, Inc. Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$23.05 billion and a net profit of HK$749.28 million. In comparison, last year the company earned a revenue of HK$22.58 billion and had a net profit of HK$1.17 billion

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