Kingsoft Cloud: Buying Ahead Of Short-And-Long Term Drivers [Seeking Alpha]
Kingsoft Cloud Holdings Limited - American Depositary Shares (KC)
Company Research
Source: Seeking Alpha
SummaryKingsoft Cloud is the largest independent cloud service provider in China.It has delivered phenomenal revenue growth amid ongoing digital transformation trends and the increasingly rapid rollout of enterprise cloud projects across China.I elaborate on Kingsoft Cloud's long-term catalysts and operating leverage.In the near term, the pending addition of Kingsoft Cloud to the MSCI China All Shares Index could drive interest into the stock.Price chart-wise, Kingsoft Cloud is seemingly trading within an ascending triangle formation.Kingsoft Cloud Holdings Limited (KCOTCPK:KSFTFOTCPK:KGFTYremarkable V-shaped China recoveryConsequently, Kingsoft Cloud was able to close its first trading day up 38 percent to $23.49, from the IPO price of $17, the midpoint of the indicative range. Although the stock backtracked in the weeks thereafter, it rebounded strongly from June and has been trading in a roughly $10 range since July.Internet titans Alibaba Group (BABAOTCPK:TCTZFOTCPK:TCEHYBIDUheldS
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News
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) had its price target raised by analysts at Jefferies Financial Group Inc. from $3.40 to $3.80. They now have a "buy" rating on the stock.MarketBeat
- Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $5.00 price target on the stock.MarketBeat
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at CLSA from an "underperform" rating to an "outperform" rating. They now have a $4.40 price target on the stock.MarketBeat
- Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
KC
Earnings
- 3/20/24 - Beat
KC
Sec Filings
- 4/8/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/21/24 - Form 144
- KC's page on the SEC website