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<Research>Citi Raises KUAISHOU-W (01024.HK) TP to $95, Optimistic About Kling AI's Growth Potential
Recommend 14 Positive 17 Negative 14 |
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Citi Research issued a research report saying that KUAISHOU-W (01024.HK) is likely to announce its results around the end of March, and expecting its revenue and adjusted earnings to be broadly in line with market consensus. Given current policy developments and high base effects, the broker maintained its forecast that the GMVgrowth will slow to 13% in 4Q25. Despite the continued drag from overseas advertising business, efficiency gains from AI and excellent performance in verticals such as short dramas, comic-dramas and mini-games are expected to drive its advertising business in China. Citi Research anticipated that Kling AI will record strong YoY revenue growth for the full year. The broker incorporated Kling AI's positive growth momentum into its valuation model, and raised its target price from $88 to $95, with rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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