Kuaishou Technology (1024) Earnings: 2Q Revenue Surpasses Estimates with Significant Growth in Net Income

Kuaishou Technology on Smartkarma

Analysts Ming Lu and Ying Pan have been closely following Kuaishou Technology on Smartkarma, an independent investment research network. Ming Lu, in a bullish outlook, anticipates significant growth for Kuaishou in the second quarter of 2024. Expecting an 11% year-over-year revenue increase and the company’s fifth consecutive profitable quarter, Lu emphasizes the strength in both advertising and e-commerce revenue growth. With an optimistic upside potential of 140% and a price target of HK$104 by the end of 2025, Ming Lu recommends a “Buy” rating on Kuaishou.

Similarly, analyst Ying Pan highlights Kuaishou’s robust performance driven by Generative AI, resulting in a target price increase to HK$83. Pan underscores the company’s outperformance in the off-season, crediting the growth to Generative AI’s impact on the advertising business. Reiterating a “Buy” rating, Pan sets a target price that implies 17x PE in 2025. With consistent positive results and promising future prospects, analysts on Smartkarma continue to show confidence in the growth trajectory of Kuaishou Technology.

A look at Kuaishou Technology Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Kuaishou Technology, an innovative content community and social platform, seems poised for long-term success based on its Smartkarma Smart Scores analysis. The company has scored high in Growth, Resilience, and Momentum, indicating strong potential for expansion, adaptability, and market performance. This suggests that Kuaishou Technology is well-positioned to capitalize on future opportunities and navigate challenges effectively, making it an appealing prospect for investors seeking sustained growth.

Although Kuaishou Technology shows promise in various areas, it is essential to note that its Value and Dividend scores are comparatively lower. This suggests that the company may not be perceived as undervalued and does not emphasize dividend payouts. Despite these factors, Kuaishou Technology‘s focus on growth, resilience, and momentum highlights its strategic direction and market competitiveness, positioning it as a key player in the content creation and social platform industry.

### Summary: Kuaishou Technology operates as a content community and social platform, facilitating the creation, uploading, and viewing of short videos on mobile devices worldwide. ###

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