Jefferies Financial Group Forecasts Strong Price Appreciation for Kingsoft Cloud (NASDAQ:KC) Stock

Kingsoft Cloud (NASDAQ:KC) had its price target upped by investment analysts at Jefferies Financial Group from $17.00 to $19.00 in a report released 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 stock’s previous close.

Several other brokerages have also recently weighed in on KC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Thursday, January 22nd. Zacks Research lowered shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research 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 for the company in a report on Tuesday, February 10th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kingsoft Cloud has a consensus rating of “Moderate Buy” and a consensus target price of $18.48.

Kingsoft Cloud Stock Performance

Shares of KC traded up $0.94 during trading hours on Wednesday, hitting $14.81. The stock had a trading volume of 1,053,824 shares, compared to its average volume of 1,555,475. The firm has a market capitalization of $4.47 billion, a PE ratio of -28.46 and a beta of 2.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.93 and a quick ratio of 0.93. Kingsoft Cloud has a 12 month low of $10.29 and a 12 month high of $17.79. The stock has a fifty day moving average price of $13.24 and a 200 day moving average price of $13.01.

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

Institutional Trading of Kingsoft Cloud

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vident Advisory LLC raised its position in shares of Kingsoft Cloud by 1.8% during the 4th quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock valued at $537,000 after purchasing an additional 898 shares during the period. Farther Finance Advisors LLC boosted its holdings in Kingsoft Cloud by 13.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,053 shares of the company’s stock worth $135,000 after buying an additional 1,053 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Kingsoft Cloud by 14.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock worth $95,000 after buying an additional 1,170 shares in the last quarter. Personal CFO Solutions LLC increased its stake in Kingsoft Cloud by 11.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock worth $182,000 after buying an additional 1,212 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its holdings in Kingsoft Cloud by 2.0% during the third quarter. Diversify Wealth Management LLC now owns 67,617 shares of the company’s stock valued at $1,009,000 after acquiring an additional 1,343 shares during the period. 13.40% of the stock is owned by hedge funds and other institutional investors.

Kingsoft Cloud Company Profile

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.