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CICC Raises Kuaishou Target Price to HK$80, Affirms Earnings Outlook and 'Outperform' Rating
23 hour ago /
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Author：小编
A report from CICC highlights that Kuaishou's AI video tool series, Kuaishou Kelaing, has secured a global market share of 30.7%, with a current emphasis on the professional market and high-value user segments. Regarding paid penetration, there exists potential for growth on the consumer (P) side, while the business (B) side is anticipated to broaden its reach into realms such as industrial design. Should Kelaing AI be spun off as an independent entity, its estimated valuation could reach US$6 billion. Taking these positive dynamics into account, CICC has elevated Kuaishou's target price by 21% to HK$80 and has upheld its 'Outperform' rating.
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