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...
Kingsoft rallied for a third straight day on Tuesday, jumping 18.73 percent to close at $15.09 apiece as investors gobbled up shares following the US government’s easing of chip exports restrictions...
Jefferies analyst Thomas Chong lowered the price target for Kingsoft Cloud Holdings Ltd (NASDAQ:KC) to $16 from $18 on May 28 and maintained a Buy rating.