Jefferies Maintains Buy on Zhihu, Lowers Price Target to $1.1
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Thomas Chong maintains a Buy rating on Zhihu (NYSE:ZH) but lowers the price target from $1.9 to $1.1.

March 11, 2024 | 1:59 pm
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NEUTRAL IMPACT
Jefferies maintains a Buy rating on Zhihu but lowers the price target from $1.9 to $1.1.
While the reduction in price target could suggest a tempered outlook on Zhihu's stock value, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed confidence in the company's prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100