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Zhihu ( (ZH) ) has provided an update.
On February 2, 2026, Zhihu Inc. filed a Form 6-K in the United States disclosing several Next Day Disclosure Returns tied to changes in its share capital reported to the Hong Kong Stock Exchange between January 26 and January 30, 2026. The filings detail that, over multiple trading days in January 2026, Zhihu repurchased a series of its Class A ordinary shares, mainly via ADS buybacks on the New York Stock Exchange, including 33,000 ADS (equivalent to 99,000 Class A shares) on January 23, 2026 at prices around US$3.7170 per ADS, under a repurchase mandate approved on June 25, 2025. These transactions, though small in percentage terms relative to Zhihu’s total issued share base of 269,862,884 shares, indicate continued execution of its capital management and share repurchase program, which can signal management’s confidence in the company’s valuation and may provide incremental support to earnings per share and shareholder returns.
The most recent analyst rating on (ZH) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Zhihu stock, see the ZH Stock Forecast page.
Spark’s Take on ZH Stock
According to Spark, TipRanks’ AI Analyst, ZH is a Neutral.
The score is primarily weighed down by weak financial performance, especially continued losses and negative free cash flow despite a relatively solid equity base. Technicals are mixed: the stock has improved near-term trend but appears overbought, limiting upside near term. Valuation is moderate with no dividend support, while the earnings call adds some offsetting positives from cost improvements and AI/membership traction despite revenue and GAAP profit headwinds.
To see Spark’s full report on ZH stock, click here.
More about Zhihu
Zhihu Inc. is a Beijing-based online content and social knowledge-sharing platform, best known for its Q&A community and related content services, and is listed in both the United States and Hong Kong. The company operates in China’s internet and digital media sector, monetizing its user base through advertising, paid content, and other value-added services, while using American depositary shares (ADSs) to access overseas capital markets.
Average Trading Volume: 295,977
Technical Sentiment Signal: Sell
Current Market Cap: $310.5M
Find detailed analytics on ZH stock on TipRanks’ Stock Analysis page.

