Jinwu Financial News | Kingsoft Cloud (03896) stock price is rising, up 6.86% as of this report, priced at 5.14 Hong Kong dollars, with a transaction volume of 0.261 billion Hong Kong dollars. It is important to note that the stock has increased by over 240% since early November.
In the news, UBS Group published a Research Report stating that Kingsoft Cloud benefits from the development of AI and support from the Kingsoft ecosystem. Kingsoft Cloud's performance in the third quarter was robust, exceeding market expectations, which helps to enhance investors' expectations for its continued recovery in revenue and profit.
The firm upgraded Kingsoft Cloud's rating from 'Neutral' to 'Buy', noting that its stock price has risen over 100% since the beginning of the year. However, the current stock price level is still below the Company Valuation of independent cloud companies in China, suggesting the market has underestimated the potential development opportunities for Kingsoft and its AI Business.
