快手绩后连续两个交易日累计涨幅超8%，获11家机构集体上调目标价

Core Viewpoint - Kuaishou has demonstrated strong performance following the release of its Q2 earnings report, with stock prices rising significantly and multiple institutions raising target prices due to better-than-expected financial metrics [1][2] Financial Performance - Kuaishou's Q2 financial indicators, including profit levels, core business revenue, and e-commerce GMV, exceeded market expectations [1] - The company announced a special dividend, which has further boosted investor confidence [1][2] Market Sentiment - A total of 11 institutions, including Goldman Sachs and Morgan Stanley, have raised their target prices for Kuaishou, reflecting a positive outlook on the company's growth potential [1] - Analysts believe that the independent valuation logic for Kuaishou's core business is strengthening, with some investment banks adjusting target prices based on 2026 PE multiples [1] AI Investment and Profitability - Despite increasing capital expenditures in artificial intelligence, Kuaishou has maintained stable overall profit margins, which has been positively received by multiple institutions [1] - Goldman Sachs noted that the company has found a balance between maintaining stable profit margins and achieving substantial growth in its main business [1] E-commerce Growth Outlook - UBS forecasts that Kuaishou's e-commerce GMV will grow by 13% in the second half of the year, outperforming the overall industry [2] - The market views the special dividend as a sign of the company's strong cash flow and management's optimism about future profitability [2]