Demystifying Kingsoft Cloud Hldgs: Insights From 4 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Kingsoft Cloud Holdings (NASDAQ:KC), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target is now $4.25, down from $5.30, indicating a 19.81% decrease. Analysts from CLSA, Citigroup, Jefferies, and JP Morgan have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Kingsoft Cloud Holdings, a cloud service provider in China, faces challenges with revenue growth, net margin, ROE, and ROA, but has a healthy debt-to-equity ratio.
March 21, 2024 | 3:00 pm
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Kingsoft Cloud Holdings sees mixed analyst sentiments with a decreased average price target of $4.25, reflecting a 19.81% drop. The company faces revenue and profitability challenges, impacting its short-term outlook.
The decrease in the average price target by analysts, coupled with the company's reported challenges in revenue growth and profitability, suggests a bearish outlook for Kingsoft Cloud Holdings in the short term. The unanimous adjustment of price targets and ratings by multiple analysts further underscores the potential negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100