KE Holdings (BEKE) Stock Rated Buy as Q2 Earnings Beat Estimates

KE Holdings Inc. (NYSE:BEKE) ranks among the best Asian stocks to buy. Jefferies maintained its Buy rating on KE Holdings Inc. (NYSE:BEKE) on August 26 while reducing its price target from $24.50 to $22. The cut comes after KE Holdings’ second-quarter reports, which showed non-GAAP earnings above estimates and revenue in line with expectations.

According to Jefferies, since June, the management of KE Holdings Inc. (NYSE:BEKE) has emphasized softer industry trends in the marketplaces for both new and existing home sales. KE Holdings has responded to these market conditions by putting policies in place to boost agent performance, store productivity, and efficiency.

Along with using artificial intelligence to improve operations and customer experience, the company is also bolstering the unit economics of home furnishings and renovations.

Chinese real estate holding company KE Holdings Inc. (NYSE:BEKE) offers a comprehensive online and offline platform for housing services and transactions.

While we acknowledge the potential of BEKE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BEKE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.