Citi's analyst rating for KINGSOFT is based on a mixed outlook. While the company's revenue in the first quarter of 2026 showed a year-on-year increase, it experienced a quarter-on-quarter decline. The broker anticipates a turning point for KINGSOFT's gaming business in late 2026 or early 2027. They have adjusted revenue forecasts downward for the next few years due to expected declines in gaming performance, but raised the adjusted net profit forecast for this year due to better-than-expected joint venture profits. The target price has been lowered, but the Buy rating is maintained.
