AI Investing Insights - Official Homepage

Goldman Sachs

maintain

HKD83

2025-12-03

Reason

Goldman Sachs maintained a "Buy" rating on Kuaishou (01024.HK) due to several key factors. The recent launch of "Kling O1," a unified multimodal creation tool, is expected to drive significant growth, particularly as corporate demand for Kling models has surged, now accounting for about 40% of Kuaishou's revenue. The firm anticipates that the ongoing expansion of Kuaishou's overseas business development team and the acquisition of more corporate clients in various sectors will serve as primary growth drivers over the next 1-2 years. Additionally, Goldman Sachs projects substantial revenue growth for the Kling AI business, forecasting over USD140 million in 2025 and an increase to between USD230-240 million by 2026. The potential for upward revisions in revenue forecasts for the Kling AI business in 4Q25 further supports their positive outlook, leading to a target price of HKD83.

Goldman Sachs

Price Target

HKD83

2025-12-03

maintain

Goldman Sachs maintained a "Buy" rating on Kuaishou (01024.HK) due to several key factors. The recent launch of "Kling O1," a unified multimodal creation tool, is expected to drive significant growth, particularly as corporate demand for Kling models has surged, now accounting for about 40% of Kuaishou's revenue. The firm anticipates that the ongoing expansion of Kuaishou's overseas business development team and the acquisition of more corporate clients in various sectors will serve as primary growth drivers over the next 1-2 years. Additionally, Goldman Sachs projects substantial revenue growth for the Kling AI business, forecasting over USD140 million in 2025 and an increase to between USD230-240 million by 2026. The potential for upward revisions in revenue forecasts for the Kling AI business in 4Q25 further supports their positive outlook, leading to a target price of HKD83.

Citi

maintain

$88

2025-12-03

Reason

The analyst rating for KUAISHOU-W (01024.HK) is maintained as "Buy" by Citi due to several reasons: 1. Technological Innovation: The launch of the latest version of the Kling O1 model, which is described as the "world’s first unified multi-modal video model," is expected to significantly enhance user-generated video flexibility and efficiency. This includes improvements such as extending the maximum video length and integrating diverse instructions into a single input box. 2. Strengthening Competitive Position: Citi notes that Kuaishou is continuing to strengthen its Kling technology to maintain its leading position in the market, despite increasing competition in video generation models. 3. Valuation: The broker highlights Kuaishou's low valuation as a positive factor, suggesting that the stock is undervalued relative to its potential. 4. Target Price: Citi has set a target price of HKD88, indicating confidence in the stock's future performance. Overall, these factors contribute to the positive outlook and the "Buy" rating despite some challenges in the e-commerce sector.

Citi

Price Target

$88

2025-12-03

maintain

The analyst rating for KUAISHOU-W (01024.HK) is maintained as "Buy" by Citi due to several reasons: 1. Technological Innovation: The launch of the latest version of the Kling O1 model, which is described as the "world’s first unified multi-modal video model," is expected to significantly enhance user-generated video flexibility and efficiency. This includes improvements such as extending the maximum video length and integrating diverse instructions into a single input box. 2. Strengthening Competitive Position: Citi notes that Kuaishou is continuing to strengthen its Kling technology to maintain its leading position in the market, despite increasing competition in video generation models. 3. Valuation: The broker highlights Kuaishou's low valuation as a positive factor, suggesting that the stock is undervalued relative to its potential. 4. Target Price: Citi has set a target price of HKD88, indicating confidence in the stock's future performance. Overall, these factors contribute to the positive outlook and the "Buy" rating despite some challenges in the e-commerce sector.

Nomura

Buy

maintain

$90 -> $77

2025-11-20

Reason

The analyst rating from Nomura for KUAISHOU-W (01024.HK) remains a "Buy" despite lowering the target price from HKD90 to HKD77. The reasons for this rating include: 1. Strong Revenue Growth: KUAISHOU-W's 3Q25 revenue grew by 14% year-over-year, which was 1% above both Nomura's and the market's expectations. 2. Increased Profitability: The company's non-IFRS net profit increased by 26% year-over-year to RMB5 billion, exceeding market expectations by 3%. This was driven by an increase in the operating profit margin to 15%. 3. Advertising and Other Revenue: The growth in advertising revenue was in line with expectations, while a significant 41% increase in other revenue surpassed forecasts, particularly with Kling AI generating over RMB300 million. 4. Market Position: Despite a conservative guidance for 4Q25 revenue growth of 10% (below the market expectation of 12%), the overall performance and growth in other revenue streams support a positive outlook. These factors contribute to Nomura's decision to maintain a "Buy" rating, indicating confidence in the company's long-term potential despite short-term guidance concerns.

Nomura

Buy

Price Target

$90 -> $77

2025-11-20

maintain

The analyst rating from Nomura for KUAISHOU-W (01024.HK) remains a "Buy" despite lowering the target price from HKD90 to HKD77. The reasons for this rating include: 1. Strong Revenue Growth: KUAISHOU-W's 3Q25 revenue grew by 14% year-over-year, which was 1% above both Nomura's and the market's expectations. 2. Increased Profitability: The company's non-IFRS net profit increased by 26% year-over-year to RMB5 billion, exceeding market expectations by 3%. This was driven by an increase in the operating profit margin to 15%. 3. Advertising and Other Revenue: The growth in advertising revenue was in line with expectations, while a significant 41% increase in other revenue surpassed forecasts, particularly with Kling AI generating over RMB300 million. 4. Market Position: Despite a conservative guidance for 4Q25 revenue growth of 10% (below the market expectation of 12%), the overall performance and growth in other revenue streams support a positive outlook. These factors contribute to Nomura's decision to maintain a "Buy" rating, indicating confidence in the company's long-term potential despite short-term guidance concerns.

CMBI

Buy

upgrade

$84 -> $88

2025-11-20

Reason

The analyst rating for KUAISHOU-W (01024.HK) is a "Buy" with a target price increase from HKD84 to HKD88. This positive outlook is supported by several factors: a 14% year-over-year increase in revenue that met market expectations, a 26% growth in adjusted net profit that exceeded both CMBI's and market expectations, and significant contributions from AI initiatives, particularly with Kling AI revenue surpassing RMB300 million and driving additional growth in domestic advertising revenue. Overall, the analyst expresses an upbeat outlook for the company's AI development, reinforcing the positive rating.

CMBI

Buy

Price Target

$84 -> $88

2025-11-20

upgrade

The analyst rating for KUAISHOU-W (01024.HK) is a "Buy" with a target price increase from HKD84 to HKD88. This positive outlook is supported by several factors: a 14% year-over-year increase in revenue that met market expectations, a 26% growth in adjusted net profit that exceeded both CMBI's and market expectations, and significant contributions from AI initiatives, particularly with Kling AI revenue surpassing RMB300 million and driving additional growth in domestic advertising revenue. Overall, the analyst expresses an upbeat outlook for the company's AI development, reinforcing the positive rating.

CICC

Outperform

maintain

$89

2025-11-20

Reason

CICC maintained an Outperform rating for KUAISHOU-W due to the company's strong financial performance in 3Q25, where revenue grew by 14% year-over-year to RMB35.6 billion, surpassing expectations. Additionally, the non-IFRS net profit of RMB4.99 billion exceeded CICC's forecast, and the gross merchandise value (GMV) also showed a positive increase. Overall, the results aligned well with the broker's expectations, justifying their favorable rating and target price of HKD89.

CICC

Outperform

Price Target

$89

2025-11-20

maintain

CICC maintained an Outperform rating for KUAISHOU-W due to the company's strong financial performance in 3Q25, where revenue grew by 14% year-over-year to RMB35.6 billion, surpassing expectations. Additionally, the non-IFRS net profit of RMB4.99 billion exceeded CICC's forecast, and the gross merchandise value (GMV) also showed a positive increase. Overall, the results aligned well with the broker's expectations, justifying their favorable rating and target price of HKD89.

UBS

Buy

downgrade

$95

2025-11-20

Reason

The analyst rating for KUAISHOU-W (01024.HK) is maintained as a "Buy" due to several positive factors highlighted in the UBS research report. The company delivered satisfactory results for 3Q25, with advertising and e-commerce commission revenues exceeding expectations and operating expenses being lower than anticipated. Additionally, the 4Q25 guidance aligns well with market forecasts. The growth in the AI business, particularly Kling AI's revenue, which increased over 20% QoQ, further supports the positive outlook. UBS also noted the company's reasonable valuation and a substantial buyback quota of HKD10 billion, which could help support the stock price. Although UBS slightly adjusted the target price from HKD95.37 to HKD95, the overall rating remains unchanged at "Buy."

UBS

Buy

Price Target

$95

2025-11-20

downgrade

The analyst rating for KUAISHOU-W (01024.HK) is maintained as a "Buy" due to several positive factors highlighted in the UBS research report. The company delivered satisfactory results for 3Q25, with advertising and e-commerce commission revenues exceeding expectations and operating expenses being lower than anticipated. Additionally, the 4Q25 guidance aligns well with market forecasts. The growth in the AI business, particularly Kling AI's revenue, which increased over 20% QoQ, further supports the positive outlook. UBS also noted the company's reasonable valuation and a substantial buyback quota of HKD10 billion, which could help support the stock price. Although UBS slightly adjusted the target price from HKD95.37 to HKD95, the overall rating remains unchanged at "Buy."

UOB Kay Hian

Buy

to

Buy

downgrade

$90 -> $88

2025-11-20

Reason

The analyst rating from UOB Kay Hian for KUAISHOU-W (01024.HK) is a "Buy" due to the company's 3Q25 results aligning with expectations. The turnover increased by 14% year-over-year to RMB35.6 billion, which met market forecasts. Additionally, the non-IFRS net profit exceeded consensus expectations by 3%, showing a significant 26% year-over-year increase to RMB5 billion. Despite the positive performance, the target price was slightly adjusted down from HKD90 to HKD88.

UOB Kay Hian

Buy

to

Buy

Price Target

$90 -> $88

2025-11-20

downgrade

The analyst rating from UOB Kay Hian for KUAISHOU-W (01024.HK) is a "Buy" due to the company's 3Q25 results aligning with expectations. The turnover increased by 14% year-over-year to RMB35.6 billion, which met market forecasts. Additionally, the non-IFRS net profit exceeded consensus expectations by 3%, showing a significant 26% year-over-year increase to RMB5 billion. Despite the positive performance, the target price was slightly adjusted down from HKD90 to HKD88.

CLSA

Outperform

maintain

$83

2025-11-10

Reason

The analyst rating from CLSA for KUAISHOU-W (01024.HK) is based on the expectation of solid e-commerce growth and higher revenue from Kling AI in the third quarter of 2025. They project a 13% increase in total revenue and a 23% increase in adjusted net profit year-over-year, estimating revenues of RMB35 billion and adjusted net profits of RMB4.9 billion. Additionally, they anticipate a year-over-year growth rate of about 15% in e-commerce and a significant rise in profits from China operations, which is expected to offset slight losses in overseas operations. This positive outlook led CLSA to reiterate an "Outperform" rating and maintain a target price of $83.

CLSA

Outperform

Price Target

$83

2025-11-10

maintain

The analyst rating from CLSA for KUAISHOU-W (01024.HK) is based on the expectation of solid e-commerce growth and higher revenue from Kling AI in the third quarter of 2025. They project a 13% increase in total revenue and a 23% increase in adjusted net profit year-over-year, estimating revenues of RMB35 billion and adjusted net profits of RMB4.9 billion. Additionally, they anticipate a year-over-year growth rate of about 15% in e-commerce and a significant rise in profits from China operations, which is expected to offset slight losses in overseas operations. This positive outlook led CLSA to reiterate an "Outperform" rating and maintain a target price of $83.

Citi Research

Buy

maintain

$88

2025-10-20

Reason

Citi Research maintained a "Buy" rating for KUAISHOU-W (01024.HK) based on several factors. They expect the company's 3Q25 results to align with market consensus for revenue and profit, with a projected year-over-year GMV growth of approximately 15%. The report highlights a recovery in live streaming e-commerce and positive momentum in shelf-based e-commerce. Additionally, Citi Research is optimistic about KUAISHOU-W's strategy for the upcoming Double 11 shopping festival, anticipating a simplified discount strategy and AI technology support for merchants to enhance GMV growth. The target price remains at $88, reflecting a reasonable valuation.

Citi Research

Buy

Price Target

$88

2025-10-20

maintain

Citi Research maintained a "Buy" rating for KUAISHOU-W (01024.HK) based on several factors. They expect the company's 3Q25 results to align with market consensus for revenue and profit, with a projected year-over-year GMV growth of approximately 15%. The report highlights a recovery in live streaming e-commerce and positive momentum in shelf-based e-commerce. Additionally, Citi Research is optimistic about KUAISHOU-W's strategy for the upcoming Double 11 shopping festival, anticipating a simplified discount strategy and AI technology support for merchants to enhance GMV growth. The target price remains at $88, reflecting a reasonable valuation.

Jefferies

maintain

$106

2025-10-06

Reason

Jefferies maintained a "Buy" rating for KUAISHOU-W (01024.HK) based on their projections that the company will meet income and profit forecasts, including a 13% year-over-year increase in total revenue and a 15% rise in GMV. They also anticipate an expansion in gross profit margin to approximately 55% and a non-IFRS profit of around RMB4.84 billion. The broker highlighted the significance of AI and the potential of the video generation market, which is still in its early development stages, as key factors supporting their positive outlook. The target price set by Jefferies is $106.

Jefferies

Price Target

$106

2025-10-06

maintain

Jefferies maintained a "Buy" rating for KUAISHOU-W (01024.HK) based on their projections that the company will meet income and profit forecasts, including a 13% year-over-year increase in total revenue and a 15% rise in GMV. They also anticipate an expansion in gross profit margin to approximately 55% and a non-IFRS profit of around RMB4.84 billion. The broker highlighted the significance of AI and the potential of the video generation market, which is still in its early development stages, as key factors supporting their positive outlook. The target price set by Jefferies is $106.

News

Forward PE

Forward EV/EBITDA

Forward PS

Financials