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<Research>G Sachs Elevates KUAISHOU-W (01024.HK) TP to $62; Rating Buy
Recommend 18 Positive 43 Negative 6 |
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KUAISHOU-W (01024.HK)'s 4Q24 results were largely in line with expectations, with slower growth in the advertising business but offset by an improvement in the live streaming business and a stable profit margin trend, Goldman Sachs released a research report saying. The Group estimated Kling, its visual generation foundation model, to generate revenue of US$60 million this year, with more than 50% of the revenue coming from overseas markets. Therefore, the broker elevated its target price from $55 to $62, with rating kept at Buy. AAStocks Financial News |
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