From Yahoo Finance: 2025-05-29 13:36:00

Jefferies analyst Thomas Chong lowered Kingsoft Cloud Holdings Ltd’s price target to $16 from $18 on May 28, maintaining a Buy rating after Q1 results. Revenue reached RMB1,970.0 million ($271.5 million), a 10.9% YoY increase but 11.7% QoQ decrease. CEO Tao Zou expressed confidence in the cloud business’s future, emphasizing AI services’ importance. Gross billing of AI business increased by 228% YoY to RMB525 million ($72.975 million). Jefferies’ valuation reflects Kingsoft Cloud’s financial standing and market conditions. Kingsoft Cloud Holdings Limited is a leading cloud service provider in China, offering IaaS, PaaS, and enterprise cloud services. Check out our report for an AI stock with 100x upside potential.



Read more at Yahoo Finance: Jefferies Trims Kingsoft Cloud (KC) Price Target, Keeps Buy Rating