In a report released today, Saiyi He from CMB International Securities maintained a Buy rating on KE Holdings Inc. Sponsored ADR Class A (BEKE – Research Report), with a price target of $26.80.
Saiyi He has given his Buy rating due to a combination of factors that suggest positive long-term prospects for KE Holdings Inc. Despite the short-term challenges, such as one-off expenses impacting profitability, the company’s proactive investment strategies are expected to drive better business development. The significant year-over-year increase in revenue and market share, particularly in the existing and new home transaction sectors, indicates strong operational performance.
Moreover, the company’s strategic initiatives, including the expansion of agent teams and adjustments in compensation structures, are poised to support growth as the property market stabilizes. While the company maintains a cautious approach to profit-taking during the early recovery phase, its commitment to shareholder returns and a raised target price reflect confidence in its future potential. These elements collectively underpin Saiyi He’s optimistic outlook on KE Holdings Inc., justifying the Buy rating.
He covers the Communication Services sector, focusing on stocks such as Baidu, Iqiyi, and Meta Platforms. According to TipRanks, He has an average return of 19.7% and a 64.09% success rate on recommended stocks.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $26.00 price target.