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Zhihu ( (ZH) ) has issued an announcement.
In January 2026, Zhihu Inc. reported to the U.S. Securities and Exchange Commission via a Form 6-K that it had filed multiple Hong Kong “Next Day Disclosure Returns” reflecting ongoing share repurchase activity. According to the January 19, 2026 disclosure, Zhihu repurchased a series of Class A ordinary shares for cancellation on various dates between January 2 and January 16, 2026, including 97,122 shares on January 16, 2026, at prices around US$1.18–1.20 per share (with corresponding ADS buybacks on the New York Stock Exchange), under a repurchase mandate approved on June 25, 2025. These buybacks, representing a small fraction of total issued share capital, signal continued execution of Zhihu’s capital management program and may modestly enhance per-share metrics while demonstrating to investors its willingness to return capital and support its share price within the limits of its authorized repurchase mandate.
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 foreign private issuer listed in both the United States and on the Main Board of the Hong Kong Stock Exchange, where it trades WVR (weighted voting rights) Class A ordinary shares under stock code 02390. The company’s capital structure includes Class A and Class B ordinary shares, and it actively manages its share base through on-market repurchases on the New York Stock Exchange under shareholder mandates granted in Hong Kong.
Average Trading Volume: 292,979
Technical Sentiment Signal: Sell
Current Market Cap: $313.8M
For an in-depth examination of ZH stock, go to TipRanks’ Overview page.

