Kingsoft Cloud Announces Unaudited Second Quarter 2024 Financial Results

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Kingsoft Cloud (KC) PT Lowered to $3.20 at BofA Securities

August 21, 2024 6:42 AM EDT

BofA Securities analyst Daley Li lowered the price target on Kingsoft Cloud (NASDAQ: KC) to $3.20 (from $3.80) while maintaining a Neutral rating.

The analyst comments "Kingsoft Cloud reported its 2Q24 results on 20 Aug (HKT) and we attended the post-results analyst briefing. 2Q24... More