- Kingsoft Cloud (KC, Financial) surpassed Q1 GAAP EPS expectations but missed revenue projections.
- The company's AI business showed remarkable growth with a 228% year-over-year increase in gross billing.
- Wall Street analysts foresee a potential 56.41% upside from the current stock price, despite a more cautious GF Value estimate.
Kingsoft Cloud Holdings Ltd (KC) recently reported a surprising Q1 GAAP EPS of -$0.01, which outperformed expectations by $0.11. However, the revenue for the quarter was $271.47 million, missing the forecast by $31.14 million. Notably, Kingsoft Cloud's AI division made impressive strides with gross billing surging an astonishing 228% year-over-year, totaling RMB525 million.
Performance Forecast by Wall Street Analysts
Six Wall Street analysts have provided a one-year price target range for Kingsoft Cloud Holdings Ltd (KC, Financial), with an average target price of $20.18. This projection suggests a potential upside of 56.41% from the current trading price of $12.90. The high estimate reaches $24.99, while the lower boundary sits at $14.80. For more detailed estimate data, visit the Kingsoft Cloud Holdings Ltd (KC) Forecast page.
Brokerage Recommendations
The consensus among 6 brokerage firms positions Kingsoft Cloud Holdings Ltd (KC, Financial) with an average recommendation of 1.8, indicating an "Outperform" status. This rating scale ranges from 1 (Strong Buy) to 5 (Sell), placing KC in a favorable light from Wall Street's perspective.
Examining GF Value Estimates
According to GuruFocus estimates, the projected GF Value for Kingsoft Cloud Holdings Ltd (KC, Financial) in one year is $4.56, indicating a potential downside of 64.65% from the present price of $12.90. The GF Value is calculated using historical trading multiples, past business growth, and projections of future business performance. Additional details can be accessed on the Kingsoft Cloud Holdings Ltd (KC) Summary page.
