Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Elevates KUAISHOU-W (01024.HK) TP to $88, Optimistic About Ads Biz/ Kling AI 2H25 Growth
Recommend 20 Positive 46 Negative 15 |
||||
|
||||
|
JPMorgan released a research report reiterating KUAISHOU-W (01024.HK) as its top pick in China's digital entertainment sector, and believing that investors are underestimating the acceleration in its core advertising growth and the AI boost on advertising. Therefore, the broker elevated its target price from $71 to $88, reflecting its optimistic view on the accelerated growth of core advertising business and the strong growth momentum of Kling AI in 2H25. KUAISHOU-W's stock price dipped 9% yesterday (12th), which JPMorgan attributed to profit-taking in AI-themed software stocks and investor concerns over recent volatility in Kling AI monetization, as well as rumors of KUAISHOU-W's potential entry into the food delivery industry. The food delivery business is expected to adopt a 'light model,' cooperating with MEITUAN-W (03690.HK), allowing KUAISHOU-W to earn advertising and commission income without investment. JPMorgan viewed the upcoming 2Q25 results as the next catalyst, and hoped that management will provide positive guidance on the outlook for the core advertising business and Kling AI development, with rating at Overweight. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
