bearish
[Kanzhun Ltd. (BZ US) Rating Change]: Nearing a Saturation Point…DG to SELL
331 Views14 Mar 2023 08:49
We are concerned that BZ will incur higher sales marketing cost to maintain its increasingly sluggish MAU growth. We downgrade BZ from BUY to SELL rating, and cut TP to US$12.4.
SUMMARY
(Sign Up to Access)Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 16-minute read)
Discussions
(Paid Plans Only)
Top Quartile
Blue Lotus Research Institute
China growth and global non-US Internet equities
Price Chart(Sign Up to Access)
- [Kanzhun Ltd.(BZ US, SELL, TP US$14.5) TP Change]: Growth Target Cannot Justify High Valuation21 Nov 2023
- [Kanzhun Ltd. (BZ US, SELL) Earnings Review]: Weak Labour Market Adds Uncertainty to Recovery25 May 2023
- [Kanzhun Ltd. (BZ US) Earnings Preview]: Weak Hiring Sentiments Drag Down Growth Trend20 Apr 2023
- Boss Zhipin (2076 HK | BZ US) HK Dual Primary Listing on 22 Dec - Index, Southbound, and SPECIAL19 Dec 2022
- Kanzhun (BZ US/ 2076 HK): Dual Primary Listing & Potential HSTECH Inclusion18 Dec 2022
- Job Hunting App Operator’s Earnings Fall Despite End to National Security Probe01 Dec 2022
x