Citi Sticks to Their Buy Rating for Kingsoft Cloud Holdings Ltd (3896)

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Kingsoft Cloud Holdings Ltd has an analyst consensus of Strong Buy, with a price target consensus of HK$11.12, which is a 72.14% upside from current levels. In a report released on May 28, Bank of America Securities also reiterated a Buy rating on the stock with a HK$10.90 price target.

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