- Kingsoft Cloud's (KC, Financial) shares fell over 10% despite strong profit performance and notable revenue growth.
- Revenue increased by 10.9% year-over-year, largely due to AI and ecosystem clients.
- Analysts predict a potential 72.30% upside for KC stock, with an "Outperform" rating from major brokerage firms.
Kingsoft Cloud's Recent Performance
Kingsoft Cloud (KC) recently experienced a share price decline of over 10%, even after exceeding profit expectations and showcasing significant revenue growth. Impressively, the company's revenue increased by 10.9% on a year-over-year basis, largely fueled by its AI and ecosystem clientele. Despite seasonal factors contributing to a quarter-over-quarter revenue decline, the stock has seen an impressive rise of 81% over the past six months.
Wall Street Analysts Forecast
According to insights from six industry analysts, the average one-year price target for Kingsoft Cloud Holdings Ltd (KC, Financial) is $20.18. The forecasts present a range with the high estimate at $24.99 and the low estimate at $14.80. This average target suggests a potential upside of 72.30% from the current trading price of $11.71. For further details, visit the Kingsoft Cloud Holdings Ltd (KC) Forecast page.
Brokerage Recommendations
The consensus recommendation from six major brokerage firms places Kingsoft Cloud Holdings Ltd (KC, Financial) with an average rating of 1.8, categorizing it under "Outperform." On the rating scale, 1 signifies a Strong Buy, while 5 indicates a Sell.
GuruFocus Valuation Insights
GuruFocus provides an estimated GF Value for Kingsoft Cloud Holdings Ltd (KC, Financial) at $4.56 in the coming year, which implies a potential downside of 61.06% from the current price of $11.71. This GF Value is derived from historical trading multiples, past business growth, and future performance projections. For more comprehensive data, please refer to the Kingsoft Cloud Holdings Ltd (KC) Summary page.
