China's real estate stimulus could boost this stock, analysts say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 13 2024
0mins
Source: CNBC
KE Holdings Performance: KE Holdings, listed as "BEKE" in the U.S., has seen a 38% increase in its stock price in 2024, benefiting from government support measures and strong market share in home transactions, despite the overall sluggishness in China's real estate market.
Market Outlook and Analyst Predictions: Analysts express cautious optimism about KE Holdings' future, with expectations of continued transaction growth due to policy easing, while also warning of potential further declines in home prices and advising investors to manage their exposure to property stocks.
Analyst Views on BEKE
Wall Street analysts forecast BEKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEKE is 20.11 USD with a low forecast of 18.00 USD and a high forecast of 25.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 18.200
Low
18.00
Averages
20.11
High
25.00
Current: 18.200
Low
18.00
Averages
20.11
High
25.00
About BEKE
KE Holdings Inc is a holding company mainly engaged in housing transactions and related services. The Company operates in four segments. The Existing Home Transaction Services segment mainly provides agency services to sales or leases of existing homes, and platform and franchise services to brokerage firms on Beike platform, as well as other transaction services. The New Home Transaction Services segment mainly provides new home transaction and agency services to real estate developers. The Home Renovation and Furnishing segment provides a one-stop solution to give housing customers access to a comprehensive range of home renovation and furnishing, ranging from interior design, renovation, re-modeling, furnishing, supplies, to after-sales maintenance and repair. The Emerging and Other Services segment is engaged in rental property management service business, financial service business and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
