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New Buy Rating for Kingsoft Cloud Holdings Ltd (3896), the Technology Giant
In a report released on March 26, from CICC maintained a Buy rating on Kingsoft Cloud Holdings Ltd, with a price target of HK$10.40. The company’s shares closed yesterday at HK$7.57.
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Currently, the analyst consensus on Kingsoft Cloud Holdings Ltd is a Strong Buy with an average price target of HK$10.43.
Based on Kingsoft Cloud Holdings Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$2.47 billion and a GAAP net loss of HK$4.6 million. In comparison, last year the company earned a revenue of HK$1.89 billion and had a GAAP net loss of HK$1.06 billion
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