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Kingsoft Cloud's stock has surged over 6% to HKD 4.86, driven by strong third-quarter performance and optimistic revenue forecasts. UBS has raised its target price from USD 4.2 to USD 12.5, citing increased contributions from Kingsoft and Xiaomi, expected to rise from 20% in 2024 to over 40% by 2027, with a projected annual revenue growth rate of 13% from 2025 to 2027.
Kingsoft Cloud's stock has surged over 6% to HKD 4.86, driven by strong third-quarter performance and positive investor sentiment regarding revenue recovery. UBS has raised its target price from USD 4.2 to USD 12.5, citing increased revenue contributions from Kingsoft and Xiaomi, projected to rise from 20% in 2024 to over 40% by 2027, with an expected annual revenue growth rate of 13% from 2025 to 2027.
Kingsoft Cloud Holdings Ltd
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Kingsoft Cloud Surges as UBS Highlights Growth Potential and AI Demand
03:55 11.12.2024
Kingsoft Cloud shares rise as AI growth boosts revenue expectations
03:55 11.12.2024
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