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 $7.40. The company’s shares closed yesterday at $4.34.
According to TipRanks, Chong is a 3-star analyst with an average return of 2.3% and a 38.16% success rate. Chong covers the Technology sector, focusing on stocks such as Baidu, KE Holdings Inc. Sponsored ADR Class A, and Full Truck Alliance.
Currently, the analyst consensus on Kingsoft Cloud Holdings is a Hold with an average price target of $6.25.
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The company has a one-year high of $10.13 and a one-year low of $1.77. Currently, Kingsoft Cloud Holdings has an average volume of 2.7M.
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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 Announces Unaudited First Quarter 2023 Financial Results
- KC Earnings this Week: How Will it Perform?
- Kingsoft Cloud to Report First Quarter 2023 Financial Results on May 23, 2023
- Kingsoft Cloud Files Annual Report on Form 20-F for Fiscal Year 2022 and Releases 2022 Environmental, Social and Governance (ESG) Report
- Kingsoft Cloud downgraded to Sell from Neutral at Goldman Sachs
