Jefferies analyst Thomas Chong maintained a Buy rating on Kingsoft (KSFTF – Research Report) on December 21 and set a price target of HK$34.00. The company’s shares closed last Friday at $3.75.
According to TipRanks, Chong is an analyst with an average return of -7.4% and a 26.95% success rate. Chong covers the Communication Services sector, focusing on stocks such as Tencent Holdings Limited, Baidu, and Bilibili.
Currently, the analyst consensus on Kingsoft is a Moderate Buy with an average price target of $4.48.
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KSFTF market cap is currently $3.98B and has a P/E ratio of 85.03.
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Kingsoft (KSFTF) Company Description:
Kingsoft Corp Kingsoft is a Chinese software and Internet services company. It is organized into three operating segments: Entertainment software segment engages in the research and development of games, and provision of online games, mobile games and casual game services, the Information Security and Internet Services segment engages in the research, development and operation of information security software, internet browser, mission critical mobile applications, and provision of online marketing services and internet value-added services and the Office Software and others segment involved in the research, development and distribution of office application software, provision of cloud storage, cloud computation and dictionary services.
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