Fintel reports that on November 22, 2024, Nomura upgraded their outlook for Kingsoft Cloud Holdings (SEHK:3896) from Neutral to Buy.
Analyst Price Forecast Suggests 32.17% Downside
As of November 21, 2024, the average one-year price target for Kingsoft Cloud Holdings is HK$2.31/share. The forecasts range from a low of HK$1.25 to a high of HK$3.67. The average price target represents a decrease of 32.17% from its latest reported closing price of HK$3.41 / share.
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The projected annual revenue for Kingsoft Cloud Holdings is 9,883MM, an increase of 40.88%. The projected annual non-GAAP EPS is -4.28.
What is the Fund Sentiment?
There are 33 funds or institutions reporting positions in Kingsoft Cloud Holdings. This is an increase of 3 owner(s) or 10.00% in the last quarter. Average portfolio weight of all funds dedicated to 3896 is 0.08%, an increase of 14.16%. Total shares owned by institutions increased in the last three months by 24.71% to 139,696K shares.
What are Other Shareholders Doing?
VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares holds 22,122K shares. No change in the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 21,630K shares. No change in the last quarter.
ARTY - iShares Robotics and Artificial Intelligence Multisector ETF holds 19,666K shares. In its prior filing, the firm reported owning 17,898K shares , representing an increase of 8.99%. The firm increased its portfolio allocation in 3896 by 21.43% over the last quarter.
IEMG - iShares Core MSCI Emerging Markets ETF holds 17,876K shares. In its prior filing, the firm reported owning 17,942K shares , representing a decrease of 0.37%. The firm decreased its portfolio allocation in 3896 by 19.92% over the last quarter.
QCSTRX - Stock Account Class R1 holds 14,098K shares.
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