Kanzhun price target raised to $24 from $20 at Jefferies

Jefferies raised the firm’s price target on Kanzhun (BZ) to $24 from $20 and keeps a Buy rating on the shares after Q2 revenue was inline with consensus and ahead of the firm’s estimate. The midpoint of Q3 revenue guidance was in line with consensus, notes the analyst, who adds that the company is demonstrating “strong execution” with its deepening in penetration amid a recovery in hiring demand.