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<Research> CLSA Raises Kingsoft Cloud (KC.US) TP to USD20.4 Benefiting from Strong AI Demand
Recommend 21 Positive 23 Negative 8 |
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CLSA published a research report stating that Kingsoft Cloud (03896.HK) exceeded expectations in its fourth-quarter results last year, driven by strong demand for artificial intelligence (AI), with total revenue growing 24% year-on-year. During the period, public cloud service revenue grew 35% year-on-year. The firm predicts that Kingsoft Cloud's revenue will grow 30% annually in 2026, accelerating from the 23% growth rate in 2025, mainly driven by continued AI demand from Xiaomi (01810.HK) and non-ecosystem customers. The firm raised the group's revenue forecasts for this year and next by 8% and 9%, respectively, and extended the valuation basis to the fiscal year 2027. The target price for Kingsoft Cloud (KC.US) on the US stock market was raised from USD17.7 to USD20.4, based on strong AI revenue growth momentum, maintaining an "Outperform" rating. (hc/u) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
Website: www.aastocks.com |
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