Kingsoft Cloud Holdings Limited (NASDAQ:KC – Get Free Report) has earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $5.93.
A number of research firms recently issued reports on KC. UBS Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and raised their target price for the company from $4.20 to $12.50 in a research note on Friday, December 6th. Nomura Securities upgraded shares of Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a report on Friday, November 22nd. Finally, Nomura upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $2.30 to $6.70 in a research note on Friday, November 22nd.
Check Out Our Latest Analysis on Kingsoft Cloud
Institutional Trading of Kingsoft Cloud
Kingsoft Cloud Trading Down 1.0 %
Shares of KC stock opened at $16.33 on Friday. Kingsoft Cloud has a 12 month low of $2.02 and a 12 month high of $22.26. The company has a market cap of $4.14 billion, a PE ratio of -13.61 and a beta of 2.31. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $13.52 and its two-hundred day moving average is $7.45.
Kingsoft Cloud Company Profile
Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.
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