Barclays Maintains Overweight on Kanzhun, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on Kanzhun (NASDAQ:BZ) and increased the price target from $22 to $27, indicating a positive outlook on the company's stock.
March 13, 2024 | 3:54 pm
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on Kanzhun and raised the price target from $22 to $27, suggesting a bullish outlook.
The increase in price target by a reputable analyst like Jiong Shao from Barclays signals a strong confidence in Kanzhun's future performance. This endorsement is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100