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Investing.com - JPMorgan raised its price target on Kuaishou Technology (HK:1024) to HK$88.00 from HK$71.00 on Wednesday, while maintaining an Overweight rating on the Chinese social media company.
The price target increase represents a potential upside of 22% and is based on a higher price-to-earnings multiple of 14x for 2026 estimates, up from the previous 12x multiple.
JPMorgan cited expectations for accelerating core advertising revenue in the second half of 2025 and strong momentum in the company’s Kling business as key factors behind the more bullish outlook.
The investment bank named Kuaishou as its top pick in the China digital entertainment sector, noting that the market is underappreciating both the company’s core advertising acceleration and potential AI boost to advertising revenue.
Kuaishou shares fell 9% on Wednesday while the Hang Seng Index remained flat.
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