HK Movers | Kuaishou Shares Gain 4%. Goldman Sachs Raises Target Price on Kling AI's Potential

Tiger Newspress
26 Jun

Kuaishou shares gained 3.9% in morning trading.

Last week, according to a Goldman Sachs research report, the broker was upbeat about the growth potential of Kuaishou's Kling AI given its powerful video and image generation tools and stable subscription volumes in April and May.

Considering the risk-reward attractive, Goldman Sachs raised its target price for Kuaishou from HKD63 to HKD68 and kept the Buy rating unchanged.

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