Kingsoft Cloud shares are trading higher after Goldman Sachs upgraded the stock from Sell to Neutral and announced a $4.5 price target.
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs upgraded Kingsoft Cloud (KC) stock from Sell to Neutral and announced a $4.5 price target, leading to higher trading.

June 01, 2023 | 1:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Kingsoft Cloud's stock upgraded to Neutral by Goldman Sachs with a $4.5 price target, resulting in higher trading.
Goldman Sachs' upgrade from Sell to Neutral and the announcement of a $4.5 price target positively impacts Kingsoft Cloud's stock. The upgrade indicates a change in the bank's outlook on the stock, leading to increased investor confidence and higher trading in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100