01024 Should I Buy

Goldman Sachs reiterated a Buy rating on KUAISHOU-W due to several key factors. The report highlighted that the market currently undervalues the company's AI/Kling business, despite the stock price having previously aligned with industry performance. Additionally, the analysis indicated that the potential impact of tax burdens has already been largely reflected in the stock price. With the stock recently falling below the forecasted 2026 P/E ratio of 12x after adjustments, Goldman Sachs believes the current risk-reward scenario is more favorable for investors. The report also considered various controversies and growth prospects in a sluggish consumer environment, ultimately supporting their positive outlook on the stock with a target price of HKD87.