Goldman Sachs Reaffirms Their Hold Rating on Kingsoft Cloud Holdings Ltd (3896)
Goldman Sachs analyst maintained a Hold rating on Kingsoft Cloud Holdings Ltd on November 20 and set a price target of HK$7.18. The company’s shares closed yesterday at HK$6.24.
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Currently, the analyst consensus on Kingsoft Cloud Holdings Ltd is a Strong Buy with an average price target of HK$9.68, representing a 55.13% upside. In a report released on November 5, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a HK$7.50 price target.
Based on Kingsoft Cloud Holdings Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$2.35 billion and a GAAP net loss of HK$457.47 million. In comparison, last year the company earned a revenue of HK$1.89 billion and had a GAAP net loss of HK$353.18 million
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