Jefferies Financial Group Raises Kingsoft Cloud (NASDAQ:KC) Price Target to $19.00

Kingsoft Cloud (NASDAQ:KC) had its price objective raised by investment analysts at Jefferies Financial Group from $17.00 to $19.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 28.31% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. Zacks Research cut shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, The Goldman Sachs Group raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price on the stock in a research report on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kingsoft Cloud currently has an average rating of “Moderate Buy” and an average target price of $18.48.

Kingsoft Cloud Stock Up 6.8%

Kingsoft Cloud stock traded up $0.94 during trading hours on Wednesday, hitting $14.81. 1,053,824 shares of the stock traded hands, compared to its average volume of 1,555,475. Kingsoft Cloud has a one year low of $10.29 and a one year high of $17.79. The firm’s 50-day moving average price is $13.24 and its two-hundred day moving average price is $13.01. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.47 billion, a PE ratio of -28.46 and a beta of 2.04.

Kingsoft Cloud (NASDAQ:KC) last announced its earnings results on Wednesday, March 25th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. Kingsoft Cloud had a negative return on equity of 13.87% and a negative net margin of 10.75%.The firm had revenue of $394.69 million during the quarter, compared to analyst estimates of $396.81 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The business’s revenue was up 23.7% compared to the same quarter last year. On average, research analysts forecast that Kingsoft Cloud will post -0.63 EPS for the current year.

Hedge Funds Weigh In On Kingsoft Cloud

Several large investors have recently modified their holdings of KC. Artisan Partners Limited Partnership lifted its stake in Kingsoft Cloud by 16.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock valued at $41,535,000 after acquiring an additional 564,907 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Kingsoft Cloud by 2,541.3% in the second quarter. JPMorgan Chase & Co. now owns 1,129,120 shares of the company’s stock worth $14,137,000 after acquiring an additional 1,086,372 shares during the period. Penserra Capital Management LLC raised its holdings in shares of Kingsoft Cloud by 32.8% during the third quarter. Penserra Capital Management LLC now owns 631,442 shares of the company’s stock valued at $9,421,000 after purchasing an additional 155,788 shares during the last quarter. Defiance ETFs LLC purchased a new position in shares of Kingsoft Cloud during the fourth quarter valued at approximately $6,463,000. Finally, Maxi Investments CY Ltd bought a new position in Kingsoft Cloud during the fourth quarter valued at approximately $5,980,000. Hedge funds and other institutional investors own 13.40% of the company’s stock.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.