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<Research>Jefferies Drops KINGSOFT (03888.HK) TP to $42.8 as 1Q Results Miss
Recommend 5 Positive 5 Negative 3 |
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KINGSOFT (03888.HK)'s 1Q25 results with revenue and adjusted earnings missing expectations, Jefferies released a research report saying. The broker adjusted its 2Q25 revenue estimation for KINGSOFT, and dropped its target price from $43.3 to $42.8, with rating kept at Buy. Jefferies believed that KINGSOFT's 1Q25 total revenue grew -16% QoQ and +9% YoY to RMB2.3 billion, 6%/ 5% below the expectations of the market/ broker respectively. AAStocks Financial News Website: www.aastocks.com |
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