KC Similar Chart Price Prediction
The price of KC is predicted to go up 1.71%, based on the high correlation periods with GLDD. The similarity of these two price pattern on the periods is 97.15%.
KC
GLDD
Up: 1.71%Similarity: 97.15%
KC Revenue Forecast
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KC Analyst's Forecast
Wendy Zhang
UBS
Hold → Strong Buy
2024-12-06
Price Target
$4.2 → $13
Upside
+35.14%
UBS upgraded Kingsoft Cloud to Buy from Neutral with a price target of $12.50, up from $4.20. The company's "solid" Q3 beat has boosted expectations for Kingsoft's continued revenue and margin recovery, backed by artificial intelligence and the company's ecosystem support, the analyst tells investors in a research note. With "surging" cloud usage, UBS estimates Kingsoft Corp. and Xiaomi's revenue contribution to Kingsoft Cloud to exceed 40% by 2027 from 20% in 2024, driving 13% annual revenue growth. Despite an over 100% price rally year-to-date, Kingsoft Cloud shares are still trading at a valuation discount versus China independent cloud peers, which underestimates the company's potential opportunities, contends the firm.
Bing Duan
Nomura
Hold → Strong Buy
2024-11-22
Price Target
$2.3 → $6.7
Downside
-7.07%
