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Goldman Sachs upgrades Kingsoft Cloud Holdings Ltd (3896) to a Buy
In a report released on March 27, from Goldman Sachs upgraded Kingsoft Cloud Holdings Ltd to a Buy, with a price target of HK$9.20. The company’s shares closed today at HK$7.56.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kingsoft Cloud Holdings Ltd with a HK$10.26 average price target.
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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