Morgan Stanley raised the firm’s price target on KE Holdings (BEKE) to $27 from $19 and keeps an Overweight rating on the shares. Despite a Q4 earnings miss from one-off costs, the firm believes the recovery of China’s property market will support KE’s existing home and new home gross transaction volume and revenue growth in Q1 and 2025, the analyst tells investors.
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Read More on BEKE:
- Positive Outlook for KE Holdings Inc.: Buy Rating Affirmed Amid China’s Property Market Recovery and Improved Financial Metrics
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