Nomura analyst Bing Duan maintained a Hold rating on Kingsoft Cloud Holdings (KC – Research Report) today and set a price target of $3.00. The company’s shares closed yesterday at $2.59.
Duan covers the Technology sector, focusing on stocks such as Kingdee International Software Group Co, ZTE, and Kingsoft Cloud Holdings. According to TipRanks, Duan has an average return of -30.5% and a 15.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kingsoft Cloud Holdings with a $4.08 average price target.
KC market cap is currently $723.6M and has a P/E ratio of -2.08.
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Kingsoft Cloud Holdings (KC) Company Description:
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.
