Key Stats for Kingsoft Cloud Stock
- Price change for Kingsoft Cloud stock: 14%
- $KC Stock Price as of Aug. 19: $12
- 52-Week High: $19
- $KC Stock Price Target: $20
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What Happened?
Kingsoft Cloud (KC) stock is getting fresh attention after Jefferies raised its price target to $17.70 from $17.00 while maintaining a Buy rating.
The firm pointed to a solid Q2, with revenue roughly in line with expectations and adjusted EBITDA beating analyst forecasts.
The numbers behind the upgrade tell a clear story. Kingsoft Cloud stock is backed by a company generating $1.49 billion in revenue over the past…
