大行评级丨里昂：上调快手目标价至85港元，重申“跑赢大市”评级

Core Viewpoint - Credit Suisse forecasts Kuaishou's total revenue for Q4 2025 to grow by 10% year-on-year to 38.8 billion yuan, with adjusted net profit expected to increase by 16% year-on-year to 5.4 billion yuan [1] Group 1 - The firm has raised its adjusted net profit forecasts for Kuaishou for 2026 and 2027 by 2% [1] - The target price for Kuaishou has been increased from 83 HKD to 85 HKD, maintaining an "outperform" rating [1] - Kuaishou's subsidiary, Kuaishou AI, is expected to continue exceeding revenue expectations, indicating significant cost-effectiveness advantages [1] Group 2 - The user base and revenue growth momentum of Kuaishou is anticipated to accelerate [1]