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On Thursday, Macquarie Research adjusted its price target for Kanzhun Ltd. (NASDAQ:BZ) shares, increasing it to $23.90 from the previous $22.30, representing potential upside from the current price of $17.36. The firm reiterated its Outperform rating on the company’s stock following the release of Kanzhun’s first-quarter financial results for the year 2025. According to InvestingPro data, the stock has shown strong momentum with a 40% gain over the past six months.
Kanzhun, known for its leading position in the online recruitment sector, reported robust financial performance in the first quarter of 2025. The company’s adjusted net profit surpassed the consensus estimates, reflecting strong demand for blue-collar jobs. With an impressive gross profit margin of 83% and revenue growth of 24% in the last twelve months, the company’s results indicated a significant uptick in the hiring market, particularly within blue-collar industries.
Despite concerns about tariffs and their potential impact on various sectors, Kanzhun’s performance suggested that these effects were negligible. In fact, sectors such as manufacturing and trade have shown signs of robust growth, resuming their upward trajectory. This resilience in hiring across different sectors contributed to the positive outlook on Kanzhun’s stock. InvestingPro analysis suggests the stock is currently undervalued, with a "GREAT" overall financial health score of 3.5 out of 5.
Macquarie’s revised price target represents a 7% increase from the previous target. The decision to raise the target is attributed to Kanzhun’s sustained earnings momentum, which is a direct result of the company’s industry leadership. Additionally, Kanzhun’s prudent spending practices were noted as a contributing factor to its strong financial health.
The Outperform rating by Macquarie underscores the firm’s confidence in Kanzhun’s ability to continue leading the online recruitment market. With a solid start to the year and favorable market conditions, Kanzhun is well-positioned to maintain its growth trajectory in the upcoming quarters.
In other recent news, Country Unlimited reported strong financial results for the first quarter of 2025, with a 13% increase in revenue to RMB 1.92 billion and a remarkable 112% rise in net income to RMB 510 million. The company’s strategic focus on artificial intelligence (AI) innovations has been a significant contributor to its success, enhancing recruitment processes and driving growth. For the upcoming second quarter, Country Unlimited has forecasted revenue between RMB 2,050-2,080 million, reflecting an anticipated growth of 7-8.5% year-over-year. Additionally, the company aims to achieve a non-GAAP operating profit of RMB 3 billion for the full year.
The company’s expansion into blue-collar and lower-tier city markets continues to be a focal point, with blue-collar users now comprising 45% of the total user base. Analysts from Morgan Stanley (NYSE:MS) and Goldman Sachs expressed interest in the company’s AI developments, with positive feedback on AI features being tested for both enterprises and job seekers. The company’s management has indicated a cautious yet optimistic approach to AI monetization, highlighting improved efficiency and user experience. Despite external uncertainties such as tariff wars, Country Unlimited remains confident in its strategic direction and growth potential.
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