Jefferies Trims Kingsoft Cloud (KC) Price Target, Keeps Buy Rating
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. The adjustment came only hours after the company’s Q1 2025 results were released. Kingsoft Cloud’s quarterly revenue reached RMB1,970.0 million ($271.5 million), a 10.9% increase year-over-year but an 11.7% […]