Analysts Just Upgraded These 5 Stocks

4. KE Holdings Inc. (NYSE:BEKE)

Number of Hedge Fund Holders: 34

Shares of KE Holdings Inc. (NYSE:BEKE) jumped over six percent on Thursday, June 23, 2022, after receiving an upgrade from HSBC. The research firm improved its ratings for the Chinese company from “Hold” to “Buy,” expressing renewed confidence in the company’s guidance.

HSBC analyst Albert Tam thinks KE Holdings Inc. (NYSE:BEKE) will benefit from the recent policy changes related to China’s property market. Those changes would help the company in boosting its sales. Tam also raised his price target for KE Holdings Inc. (NYSE:BEKE) from $13.70 per share to $20.80 per share.