In a report released today, Saiyi He from CMB International Securities maintained a Buy rating on KE Holdings Inc. Sponsored ADR Class A, with a price target of $24.00.
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Saiyi He has given his Buy rating due to a combination of factors tied to KE Holdings’ improving profitability and disciplined cost management. Despite a notable year-over-year revenue contraction in the latest quarter, the company delivered a solid non-GAAP net income increase and achieved its highest margin in nearly two years, supported by headcount optimization, tighter marketing spending, and efficiency gains across core brokerage and home-related services.
He also emphasizes management’s upbeat guidance for the coming quarters, highlighting expectations of double-digit operating margins and sustained net margin expansion through fiscal 2026. In addition, emerging businesses such as home rentals and renovation are steadily shifting toward higher-margin, profit-contributing models, reinforcing confidence in a structurally stronger earnings profile; this, together with an upwardly revised price target of $24, underpins his constructive stance on the stock.
In another report released today, Barclays also maintained a Buy rating on the stock with a $26.00 price target.