Kingsoft Cloud Announces Unaudited Third Quarter 2024 Financial Results with Accelerated Revenue Growth and Robust Expansion of Gross and EBITDA profit

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Go back to Kingsoft Cloud Announces Unaudited Third Quarter 2024 Financial Results with Accelerated Revenue Growth and Robust Expansion of Gross and EBITDA profit

Kingsoft Cloud (KC) PT Raised to $5.80 at Jefferies

November 20, 2024 7:05 AM EST

Jefferies analyst Thomas Chong raised the price target on Kingsoft Cloud (NASDAQ: KC) to $5.80 (from $3.80) while maintaining a Buy rating.

The analyst comments "KC reported 3Q results: total revenue came inline with consensus and adjusted EBITDA beat expectations. AI cloud has a higher... More