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Kingsoft Cloud Holdings Ltd (3896): New Buy Recommendation for This Technology Giant
Citic Securities analyst maintained a Buy rating on Kingsoft Cloud Holdings Ltd on April 20 and set a price target of HK$13.00. The company’s shares closed yesterday at HK$9.41.
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Kingsoft Cloud Holdings Ltd has an analyst consensus of Strong Buy, with a price target consensus of HK$10.65.
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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