New Buy Rating for Kingsoft Cloud Holdings Ltd (3896), the Technology Giant

In a report released on May 21, from Guotai Haitong maintained a Buy rating on Kingsoft Cloud Holdings Ltd, with a price target of HK$13.00. The company’s shares closed last Friday at HK$6.90.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

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Kingsoft Cloud Holdings Ltd has an analyst consensus of Strong Buy, with a price target consensus of HK$11.13.

Based on Kingsoft Cloud Holdings Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$2.76 billion and a GAAP net loss of HK$160.24 million. In comparison, last year the company earned a revenue of HK$2.23 billion and had a GAAP net loss of HK$196.96 million