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Kingsoft Cloud Soars 10.19% on Bullish Analyst Sentiment
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jun 5, 2025 9:06 am ET1min read
On June 5, 2025, Kingsoft Cloud's stock surged by 10.19% in pre-market trading, reflecting a significant bullish sentiment among investors.
UBS analyst Wei Xiong has initiated coverage on
with an optimistic outlook, upgrading the price target to $14 from the previous $12.50. This move indicates a strong belief in the company's future performance and potential for growth.Jefferies analyst Thomas Chong also weighed in on Kingsoft Cloud, lowering the price target to $16 from $18 on May 28 while maintaining a Buy rating. This adjustment suggests a cautious yet positive outlook on the company's prospects.
The consensus target price for
has increased from $10.75 to $18.30, indicating growing analyst confidence in the company's future performance. This upward revision in the target price reflects the positive sentiment surrounding Kingsoft Cloud's revenue growth and market position.
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