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Investing.com - Jefferies raised its price target on Kanzhun Ltd. (NASDAQ:BZ) to $24.00 from $20.00 on Wednesday, while maintaining a Buy rating on the Chinese online recruitment platform. The stock, currently trading at $22.10, has surged over 52% year-to-date and sits near its 52-week high of $22.67. InvestingPro analysis suggests the stock is slightly undervalued based on its proprietary Fair Value model.
The price target increase follows Kanzhun’s second-quarter results, which showed revenue in line with consensus estimates and ahead of Jefferies’ own projections. The company’s non-GAAP net profit exceeded expectations due to effective cost control measures. With an impressive gross profit margin of 83.4% and revenue growth of 18.8%, Kanzhun demonstrates strong operational efficiency. InvestingPro subscribers can access detailed financial analysis and 12 additional ProTips about Kanzhun’s performance.
Kanzhun provided third-quarter revenue guidance with a midpoint that aligns with market expectations. Jefferies anticipates the company’s core business to accelerate year-over-year in the third quarter, benefiting from recovery in hiring demand as evidenced by increasing job postings and enterprise activity.
The investment firm noted that Kanzhun’s artificial intelligence capabilities are expected to benefit both recruiters and job seekers on its platform. This technological advantage supports the company’s business model as it continues to expand.
Jefferies highlighted Kanzhun’s strong execution capabilities and its success in deepening market penetration as key factors supporting the maintained Buy rating alongside the higher price target.
In other recent news, Kalsyang Limited reported strong financial results for the second quarter of 2025. The company achieved a total revenue of 2.1 billion RMB, representing a 9.7% increase compared to the same period last year. Net income saw a significant surge, rising by 70.4% to reach 710 million RMB. Additionally, Kalsyang Limited’s net profit margin improved to 33.8%. These financial achievements were supported by advancements in AI technology and a recovering recruitment market. The company’s recent performance highlights its ability to adapt to changing market conditions.
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