Kuaishou Technology (1024) Earnings: FY Revenue Meets Estimates with 113.5 Billion Yuan

Kuaishou Technology on Smartkarma

Kuaishou Technology, a popular Chinese video-sharing and e-commerce company, has been receiving positive analyst coverage on Smartkarma, an independent investment research network. According to Ming Lu‘s report, Kuaishou is expected to see a 17% increase in revenue in the fourth quarter of 2023 and a 15% increase in revenue in 2024. The report also predicts a historical high in operating profit for the company, leading to an upside potential of 92%. Similarly, Ying Pan‘s report highlights Kuaishou’s strong growth potential, thanks to its playlet and e-commerce businesses. The report recommends a buy rating and a price target of HK$79. Another report by Ying Pan maintains a buy rating and raises the price target to HK$78, citing Kuaishou’s refined operations and positive outlook for e-commerce and advertising growth. Shifara Samsudeen’s report also praises Kuaishou’s strong earnings and improved profitability, leading to a potential upside in the company’s stock price. Ming Lu‘s report further supports the bullish sentiment, predicting a 63% upside potential and a price target of HK$95.

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, a leading content community and social platform, is set for a positive long-term outlook according to the Smartkarma Smart Scores. The company received a strong score of 5 for both growth and resilience, indicating its potential for future expansion and ability to withstand challenges. With a momentum score of 3, Kuaishou Technology is also showing steady progress in the market. However, its value score of 2 and dividend score of 1 suggest that the company may not currently be undervalued and may not be offering high dividends to investors.

Despite these lower scores, Kuaishou Technology‘s overall outlook remains promising, especially with its strong performance in growth and resilience. As a content community and social platform, the company has a wide reach and offers services globally, further increasing its potential for growth. With a solid momentum score, Kuaishou Technology continues to make strides in the market and is definitely one to watch in the long term.

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