Barclays Maintains Overweight on Kanzhun, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao maintains an Overweight rating on Kanzhun (NASDAQ:BZ) but lowers the price target from $27 to $14.

August 30, 2024 | 3:16 pm
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Barclays has maintained its Overweight rating on Kanzhun but significantly reduced the price target from $27 to $14, indicating a more cautious outlook.
The reduction in the price target from $27 to $14 by Barclays suggests a more cautious outlook on Kanzhun's future performance, which could lead to a negative short-term impact on the stock price. However, the Overweight rating indicates that the analyst still sees potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100