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Jefferies Sticks to Its Buy Rating for Kingsoft Cloud Holdings (KC)

Tipranks - Mon Mar 30, 2:08PM CDT

Jefferies analyst Thomas Chong maintained a Buy rating on Kingsoft Cloud Holdings today and set a price target of $19.00.

End of Quarter Sale - 50% Off TipRanks

According to TipRanks, Chong is a 5-star analyst with an average return of 11.0% and a 51.02% success rate. Chong covers the Communication Services sector, focusing on stocks such as Baidu, Baidu, Inc. Class A, and Netease Inc.

Currently, the analyst consensus on Kingsoft Cloud Holdings is a Moderate Buy with an average price target of $17.30.

Based on Kingsoft Cloud Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.47 billion and a GAAP net loss of $4.6 million. In comparison, last year the company earned a revenue of $1.84 billion and had a GAAP net loss of $1.03 billion

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