Goldman Sachs Maintains Neutral on Kingsoft Cloud Hldgs, Raises Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Timothy Zhao has maintained a Neutral rating on Kingsoft Cloud Holdings (NASDAQ:KC) and raised the price target from $4.5 to $5.
August 23, 2023 | 12:44 pm
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NEUTRAL IMPACT
Goldman Sachs has maintained a Neutral rating on Kingsoft Cloud Holdings and raised the price target from $4.5 to $5.
The news directly pertains to Kingsoft Cloud Holdings (NASDAQ:KC). Goldman Sachs' decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in price target from $4.5 to $5 suggests a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100