Kingsoft Cloud price target raised to $19 from $17 at Jefferies

Jefferies analyst Thomas Chong raised the firm’s price target on Kingsoft Cloud (KC) to $19 from $17 and keeps a Buy rating on the shares. The firm notes the company reported Q4 results with revenue and non-GAAP EBITDA ahead of our forecasts. In 2026, Jefferies expects it to serve key accounts and act as a neutral platform with different model companies. The firm sees Kingsoft Cloud as one of the beneficiaries on surging AI consumption.