Analysts Offer Insights on Communication Services Companies: Kanzhun Ltd Sponsored (NASDAQ: BZ) and Meta Platforms (NASDAQ: META)Kanzhun Ltd. (BZ): Long growth runway with sustained user growth and AI- driven monetization upgrades; raise TP and initiate 2025 | 9:31PM HKT We maintain our Buy rating on Kanzhun ADR (BZ) with a higher 12m target price of US$28, and initiate on the H- share (2076.HK) at 12m target price, implying 15% and 17% upside respectively. With accelerating cash billings and revenue growth in 2H25E vs. trailing 12 months, we envision a long growth runway for Kanzhun, i.e., 13%/16% revenue/net profit CAGR in 2024-30E. This will be primarily driven by: i) sustained user growth and network effect; ii) more backloaded enterprise paying ratio improvement; iii) AI-driven technology upgrades to improve user experience and VAS revenue, leading to cash ARPPU growth in 2026-30E.