Cheer Holding: RBC Capital Reiterates Outperform, Raises PT to $27

Cheer Holding: RBC Capital Reiterates Outperform, Raises PT to $27

Title: RBC Capital Reiterates Outperform, Raises PT to $27

In a recent update, RBC Capital Markets reiterated its "Outperform" rating for Cheer Holding, Inc. (NASDAQ: CHR), while raising its price target to $27. The firm's analysts highlighted the company's robust growth prospects, particularly in the mobile internet infrastructure and platform services sectors [1].

Cheer Holding, a leading provider of advanced mobile internet infrastructure and platform services, has been making significant strides in its business operations. The company recently announced its financial results for the full year ended December 31, 2024, which showcased a strong performance. Total downloads of CHEERS Apps reached approximately 523.3 million, representing a growth of 10.4% year-over-year (YoY) [2].

The company's growth is not limited to its core services. Cheer Holding has been expanding its portfolio through strategic acquisitions and partnerships. In February 2025, it entered into a non-binding investment framework agreement to acquire a 60% equity stake in Beijing Zhong Ke Zhi Guo Technology Co., Ltd. (ZKZG), a provider of synthetic data utilizing generative AI and simulation technology [3].

Moreover, Cheer Holding has been focusing on innovation and technological advancements. The company announced a major upgrade to its CHEERS video platform, which aims to cater to the rising demand for personalized home solutions. Additionally, the release of the AI-based classical literature series "Liaozhai Tales" and the AIGC miniseries "Outlaws of the Marsh" further demonstrates its commitment to leveraging AI and technology to enhance user experience [4].

RBC Capital's bullish outlook is supported by Cheer Holding's strong financial performance and strategic initiatives. The company's ability to innovate and adapt to market changes positions it well for future growth. Investors should closely monitor Cheer Holding's progress and the potential impact of its strategic moves on the stock price.

References:
[1] https://quantisnow.com/company/CHR
[2] https://quantisnow.com/company/CHR
[3] https://quantisnow.com/company/CHR
[4] https://quantisnow.com/company/CHR