In a report released yesterday, Thomas Chong from Jefferies maintained a Buy rating on Kingsoft Cloud Holdings (KC – Research Report), with a price target of $9.20. The company’s shares closed yesterday at $7.37.
Chong covers the Technology sector, focusing on stocks such as Baidu, KE Holdings Inc. Sponsored ADR Class A, and JOYY. According to TipRanks, Chong has an average return of 8.1% and a 49.17% success rate on recommended stocks.
Currently, the analyst consensus on Kingsoft Cloud Holdings is a Hold with an average price target of $5.57.
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The company has a one-year high of $7.15 and a one-year low of $1.77. Currently, Kingsoft Cloud Holdings has an average volume of 2.21M.
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Kingsoft Cloud Holdings Ltd is an independent cloud service provider in China. The company has built a cloud platform consisting of cloud infrastructure, cloud products and industry-specific solutions across public cloud, enterprise cloud and AIoT cloud services. Its products and service include Cloud Server, Cloud hard disk, Virtual private network, Relational Database, and others. Geographically, the firm operates in China.
Read More on KC:
- Kingsoft Cloud Surges 20.8% on Solid Earnings
- Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2022 Financial Results
- Kingsoft Cloud Holdings Ltd. (KC) Q4 Earnings Cheat Sheet
- Kingsoft Cloud to Report Fourth Quarter and Fiscal Year 2022 Financial Results on March 29, 2023
- Kingsoft Cloud initiated with a Neutral at JPMorgan
