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<Research>BofAS Drops KUAISHOU-W (01024.HK) TP to $61, Turns More Cautious on 2025 Profit Growth
Recommend 32 Positive 45 Negative 30 |
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BofA Securities issued a research report saying that KUAISHOU-W (01024.HK)'s 3Q24 results were broadly in line with expectations, but expecting mixed growth trend in 4Q24. Despite more investments in e-commerce and AI, KUAISHOU-W's profit and user trend remained on track in 4Q24, according to the report. Considering the uncertainties in KUAISHOU-W's e-commerce business and macro consumption trend, BofA Securities turned more cautious about its 2025 profit growth. Therefore, the broker lowered its 2024-2026 EPS forecasts for KUAISHOU-W by 1-8%, and dropped its target price from $63 to $61, with rating reiterated at Buy on low valuation. AAStocks Financial News |
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