Kanzhun Ltd Shares Surge 4.86% on Jul 8 Amid Analysts' Positive Outlook

Kanzhun Ltd (BZ) shares surged 4.86% on Jul 8, reaching an intraday high of $19.00. The stock is 10.26% below its 52-week high and 76.68% above its 52-week low. Analysts forecast an average target price of $20.97 with an upside of 12.27%. GuruFocus estimates a GF Value of $26.29, suggesting a 40.78% upside from the current price.

Kanzhun Ltd (BZ) shares surged 4.86% on July 8, reaching an intraday high of $19.00. The stock is currently trading 10.26% below its 52-week high and 76.68% above its 52-week low. Analysts forecast an average target price of $20.97, representing an upside of 12.27%. GuruFocus estimates a GF Value of $26.29, suggesting a potential 40.78% upside from the current price.

According to recent technical analysis, Kanzhun Ltd's stock price gained 4.77% on July 8, rising from $17.81 to $18.66 [1]. The stock has shown a strong upward trend, with the price rising in 6 of the last 10 trading days and increasing by 5.54% over the past two weeks. Volume fell by -2 million shares on July 8, but the overall trading volume was 3 million shares, totaling approximately $56.79 million.

Technical indicators suggest a positive outlook for Kanzhun Ltd. The stock is expected to rise 27.40% over the next three months, with a 90% probability of holding a price between $22.24 and $25.70 [1]. Short-term and long-term moving averages indicate a buy signal, while a sell signal from the 3-month Moving Average Convergence Divergence (MACD) suggests further downward movement until a new bottom pivot is found.

Analysts remain cautious, with the current average analyst rating on Richelieu Hardware Ltd (RCH) being "hold" and no "strong buy" or "buy" recommendations [2]. Richelieu Hardware Ltd is expected to report a 7.2% increase in revenue and earnings of 43 cents per share for the period ending May 31, 2025.

In conclusion, Kanzhun Ltd's stock performance and positive technical indicators suggest a potential buying opportunity. However, investors should closely monitor the stock's price and volume for any signs of divergence or changes in the trend.

References:
[1] https://stockinvest.us/stock/BZ
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3T50LE:0-richelieu-hardware-ltd-expected-to-post-earnings-of-43-cents-a-share-earnings-preview/