As previously reported, Goldman Sachs analyst Timothy Zhao upgraded Kingsoft Cloud (KC) to Buy from Neutral with a $15.60 price target The firm views the company as a key beneficiary of Xiaomi’s stepped-up AI investments to support its ambition of becoming a leading LLM force, notes the analyst, who anticipates Kingsoft Cloud to renew its related party transaction agreement with Xiaomi before mid-year.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KC: