Kingsoft (KC) Climbs 14.6% on Bullish Rating, PT Upgrade

Group 1 - Kingsoft Cloud Holdings Ltd. (NASDAQ:KC) experienced a significant stock price increase of 14.59% to close at $16.18, driven by a bullish rating and higher price target from BofA Securities [1] - BofA Securities upgraded Kingsoft's price target to $20.40, reflecting a 58% increase from the previous target of $12.9, indicating strong investor sentiment [1][2] - The upgrade was attributed to improved revenue growth visibility due to AI advancements and demand from the Xiaomi ecosystem, along with enhanced business quality and profitability through cost control [2] Group 2 - BofA raised its revenue growth expectations for Kingsoft by 6 to 8% for the fiscal years 2025 to 2027, which is more optimistic than the consensus growth target of 2 to 5% [3] - In Q2, Kingsoft reported a widened attributable net loss of 457 million yuan, a 29.46% increase from the previous year's loss of 353 million yuan, while total revenues grew by 21.69% to 2.34 billion yuan [4]