UBS upgraded Kanzhun (BZ) to Buy from Neutral with a price target of $26, up from $19.50. Kanzhun’s “solid” Q2 results beat expectations, and the firm’s prior concerns over growth sustainability have been alleviated on stronger profitability and a stabilizing hiring market outlook, the analyst tells investors in a research note. UBS believes potential growth and earnings upside should the macro further improve or AI opportunities materialize are not yet priced in.
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