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UBS Upgrades Kingsoft Cloud to Buy with Strong Revenue Growth Projections
UBS has upgraded Kingsoft Cloud to a Buy rating, raising the price target to $12.50, citing a projected 13% revenue growth driven by AI advancements and increased contributions from Kingsoft Corp and Xiaomi. The company's third-quarter results exceeded expectations, with revenues up 42% year-over-year, primarily from online games and cloud services. Despite a significant stock rally, Kingsoft Cloud remains undervalued compared to its peers, with strong future profitability anticipated.
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United States Dollar Kingsoft Corporation Limited CHN Wendy Zhan
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10:45 06.12.2024
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