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UBS Raises Kingsoft Cloud Holdings Limited (KC.US) TP to USD19, Maintains Buy
UBS issued a research report stating that KINGSOFT CLOUD (03896.HK) recorded first-quarter revenue of RMB2.704 billion, exceeding the brokers and market forecasts by 2% and 4.4%, ...
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UBS Raises Kingsoft Cloud Holdings Limited (KC.US) TP to USD19, Maintains Buy
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UBS issued a research report stating that KINGSOFT CLOUD (03896.HK)  +0.510 (+7.601%)    Short selling $46.28M; Ratio 5.891%   recorded first-quarter revenue of RMB2.704 billion, exceeding the brokers and market forecasts by 2% and 4.4%, respectively. During the period, non-GAAP operating loss amounted to RMB60 million, wider than the brokers and market expectations of losses of RMB46 million and RMB54 million, respectively. Non-GAAP net loss reached RMB237 million, also larger than expected.

Looking ahead, the broker believes strong backlog momentum is expected to support KINGSOFT CLOUD in sustaining relatively high revenue growth in the second quarter, projecting a YoY increase of 27% and a QoQ rise of 10%. The company has also raised its full-year capital expenditure forecast from approximately RMB12 billion previously to RMB15 billionRMB20 billion to support expansion.

Related News KINGSOFT CLOUD (03896.HK) 1Q26 Non-GAAP EBITDA Up 1.3x YoY to RMB0.75B
In light of better-than-expected first-quarter revenue growth, UBS lifted its FY2026 revenue forecast for KINGSOFT CLOUD by 1.8%, and raised its gross margin forecasts for the second quarter and full-year 2026 by 0.4 ppts to 14.4% and 14.3%, respectively. The broker increased its US share TP for Kingsoft Cloud Holdings Limited (KC.US)      from USD18.5 to USD19 and maintained a Buy rating. (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-02 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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