Kingsoft (KC) Climbs 14.6% on Bullish Rating, PT Upgrade

We recently published 10 Stocks With Eye-Popping Gains — 1 Surges 3,000%. Kingsoft Cloud Holdings Ltd.’s (NASDAQ:KC) is one of the top performers on Tuesday.

Kingsoft soared by 14.59 percent on Tuesday to close at $16.18 apiece as investor sentiment was boosted by a brokerage firm’s bullish rating and higher price target for the stock

In a market note, BofA Securities gave Kingsoft Cloud Holdings Ltd. (NASDAQ:KC) a “buy” recommendation with a price target of $20.40—a 58-percent boost from its previous target of $12.9.

According to BofA, the upgrade was based on Kingsoft Cloud Holdings Ltd.’s (NASDAQ:KC) higher revenue growth visibility driven by AI and demand growth from the Xiaomi ecosystem; improving business quality; and profitability due to operating leverage and stringent cost control.

Kingsoft (KC) Climbs 14.6% on Bullish Rating, PT Upgrade

BofA also raised its revenue expectations for Kingsoft Cloud Holdings Ltd. (NASDAQ:KC) by 6 to 8 percent for the full fiscal period of 2025 to 2027, representing a more bullish stance than the consensus’ 2 to 5 percent growth target.

In the second quarter of the year, the company widened its attributable net loss by 29.46 percent to 457 million yuan from 353 million yuan in the same period last year. Total revenues grew by 21.69 percent to 2.34 billion yuan from 1.89 billion yuan year-on-year.

While we acknowledge the risk and potential of KC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than KC and that has 10,000% 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.