Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Kingsoft Cloud Holdings ( (KC) ) just unveiled an update.
Kingsoft Cloud said it is revising the annual caps on cloud services it provides to Xiaomi under a 2024 framework agreement covering January 1, 2025 to December 31, 2027. The adjustment, driven by faster-than-expected business growth and rising demand from Xiaomi and other customers, affects the cloud service caps for 2026 and 2027, while caps for other transactions under that framework remain unchanged.
The company is also revising annual caps under its 2025 Xiaomi Cooperation Framework Agreement, initially signed on July 29, 2025, to reflect higher procurement needs for IDC services and hardware. On April 23, 2026, it signed a supplemental deal extending the hardware procurement term to December 31, 2027 and adding API-related services, moves that deepen Xiaomi ties and trigger additional connected-transaction reporting and approval requirements under Hong Kong listing rules.
The most recent analyst rating on (KC) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Kingsoft Cloud Holdings stock, see the KC Stock Forecast page.
Spark’s Take on KC Stock
According to Spark, TipRanks’ AI Analyst, KC is a Neutral.
The score is held back primarily by weak financial quality (ongoing losses, higher leverage, and negative free cash flow). Offsetting this are strong technical momentum and a positive earnings-call narrative showing accelerating growth and improving adjusted profitability, while valuation remains mixed due to a negative P/E and no dividend support.
To see Spark’s full report on KC stock, click here.
More about Kingsoft Cloud Holdings
Kingsoft Cloud Holdings Limited is a China-based cloud services provider listed in Hong Kong and on Nasdaq under the ticker KC. The group offers cloud infrastructure and related services, supplying computing power and data solutions to enterprise customers, including major strategic client Xiaomi Corporation, with a focus on scalable, long-term cooperation agreements.
Average Trading Volume: 1,552,118
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.21B
Learn more about KC stock on TipRanks’ Stock Analysis page.