Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Investing.com - Barclays has reduced its price target on KE Holdings (NYSE:BEKE) to $25.00 from $33.00 while maintaining an Overweight rating on the stock. The company, currently valued at $21.77 billion, has demonstrated strong revenue growth of 36% over the last twelve months, according to InvestingPro data.
The price target adjustment comes as China’s property market faces significant challenges, with both transaction volumes and prices deteriorating rapidly since spring, according to the investment bank.
Barclays analyst Jiong Shao indicated that while the firm is largely maintaining its second-quarter estimates for KE Holdings, it has lowered projections for the third quarter and beyond.
Despite the reduced price target, Barclays continues to maintain its Overweight rating on the Chinese real estate services platform.
KE Holdings operates Beike, one of China’s leading integrated online and offline platforms for housing transactions and services.
In other recent news, KE Holdings reported its unaudited financial results for the first quarter of 2025, which exceeded analyst expectations. Despite this positive performance, the company faces a mixed outlook due to macroeconomic uncertainties and specific revenue challenges. Morgan Stanley adjusted its price target for KE Holdings from $27.00 to $24.00, while maintaining an Overweight rating, citing increased fixed costs and a decline in certain revenue streams. In contrast, UBS upgraded KE Holdings’ stock rating from Neutral to Buy, raising the price target to $23.00. This upgrade was based on improved margins and a significant 30% year-over-year increase in active stores in the first quarter of 2025. The company has shown signs of recovery, with a noted acceleration from the previous quarter’s growth rate. These developments highlight the diverse perspectives among analysts regarding KE Holdings’ future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.