Yahoo Finance Tech·1 min read

Jefferies Raises its Price Target on Kingsoft Cloud Holdings (KC) to $19

Jefferies raises price target for Kingsoft Cloud to $19.

Jefferies has raised its price target for Kingsoft Cloud Holdings Limited (NASDAQ:KC) to $19, citing strong fourth-quarter results that exceeded expectations. Analyst Thomas Chong noted that the company's revenue and non-GAAP EBITDA were robust, driven by a significant 95% year-over-year growth in AI-related gross billing, positioning Kingsoft Cloud to capitalize on increasing AI consumption.

Key Takeaways

  • 1.

    Kingsoft Cloud's Q4 revenue reached RMB2.761B, up from RMB2.232B last year.

  • 2.

    AI-related gross billing for Kingsoft Cloud grew 95% year over year.

Get your personalized feed

Trace groups the biggest stories, videos, and discussions into one feed so you can stay current without scanning ten tabs.

Try Trace free
Jefferies Raises its Price Target on Kingsoft Cloud Holdings (KC) to $19 | Trace