Goldman Sachs Upgrades Kingsoft Cloud Hldgs to Neutral, Announces $4.5 Price Target
Portfolio Pulse from richadhand@benzinga.com
Goldman Sachs analyst Timothy Zhao upgraded Kingsoft Cloud Holdings (NASDAQ:KC) from Sell to Neutral and announced a $4.5 price target.

June 01, 2023 | 12:58 pm
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Goldman Sachs upgraded Kingsoft Cloud Holdings (NASDAQ:KC) to Neutral and set a $4.5 price target.
The upgrade from Sell to Neutral by Goldman Sachs analyst Timothy Zhao indicates a more positive outlook on Kingsoft Cloud Holdings. This could lead to increased investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
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