Kingsoft Cloud (NASDAQ:KC) Price Target Raised to $19.00

Kingsoft Cloud (NASDAQ:KC) had its target price raised by Jefferies Financial Group from $17.00 to $19.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

KC has been the subject of several other research reports. Zacks Research cut shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. The Goldman Sachs Group raised shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price on the stock in a report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kingsoft Cloud presently has a consensus rating of “Moderate Buy” and an average price target of $18.48.

Kingsoft Cloud Stock Performance

KC opened at $13.59 on Wednesday. The firm has a market cap of $4.11 billion, a P/E ratio of -27.73 and a beta of 2.04. Kingsoft Cloud has a 52-week low of $10.29 and a 52-week high of $17.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 1.17. The business’s fifty day moving average is $13.35 and its 200-day moving average is $13.03.

Institutional Trading of Kingsoft Cloud

Several institutional investors and hedge funds have recently modified their holdings of the business. Vident Advisory LLC boosted its stake in Kingsoft Cloud by 1.8% in the fourth quarter. Vident Advisory LLC now owns 51,953 shares of the company’s stock valued at $537,000 after buying an additional 898 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Kingsoft Cloud by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 9,053 shares of the company’s stock worth $135,000 after acquiring an additional 1,053 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Kingsoft Cloud by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,148 shares of the company’s stock worth $95,000 after acquiring an additional 1,170 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Kingsoft Cloud by 11.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 12,174 shares of the company’s stock valued at $182,000 after purchasing an additional 1,212 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in shares of Kingsoft Cloud by 2.0% in the 3rd quarter. Diversify Wealth Management LLC now owns 67,617 shares of the company’s stock valued at $1,009,000 after purchasing an additional 1,343 shares in the last quarter. 13.40% of the stock is currently owned by institutional investors.

About Kingsoft Cloud

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.