New Buy Rating for Kingsoft Cloud Holdings Ltd (3896), the Technology Giant
In a report released on November 20, Daley Li from Bank of America Securities maintained a Buy rating on Kingsoft Cloud Holdings Ltd, with a price target of HK$10.60. The company’s shares closed yesterday at HK$6.24.
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According to TipRanks, Li is ranked #447 out of 10073 analysts.
Currently, the analyst consensus on Kingsoft Cloud Holdings Ltd is a Strong Buy with an average price target of HK$9.68.
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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