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Investing.com - Macquarie raised its price target on Kanzhun Ltd. (NASDAQ:BZ) to $26.70 from $23.90 while maintaining an Outperform rating on the Chinese online recruitment platform. The stock, currently trading at $22.08, has surged over 52% year-to-date and maintains a "GREAT" overall financial health score according to InvestingPro analysis.
The price target increase follows Kanzhun’s second-quarter 2025 results, which Macquarie described as a "solid beat" with adjusted net profit exceeding market expectations due to recovering demand and superior operating efficiency. The company’s impressive 83.4% gross profit margin underscores its operational excellence.
Macquarie noted that Kanzhun continues to outpace the industry with accelerating new job postings and paying enterprises, with internet and services sectors identified as key growth drivers.
The firm highlighted Kanzhun’s strong network effect, which it believes could translate to sustainable margin expansion for the company moving forward.
The new price target represents a 12% increase from Macquarie’s previous valuation of the company, reflecting greater confidence in Kanzhun’s business performance and growth trajectory.
In other recent news, Kanzhun Ltd. reported its second-quarter earnings, with revenue aligning with consensus estimates and surpassing Jefferies’ projections. The company’s non-GAAP net profit exceeded expectations, attributed to effective cost control measures. Following these results, Jefferies raised its price target for Kanzhun to $24, maintaining a Buy rating on the stock.
Meanwhile, Kalsyang Limited announced strong financial results for the second quarter of 2025, with total revenue reaching 2.1 billion RMB, reflecting a 9.7% year-over-year increase. The company’s net income surged by 70.4% to 710 million RMB, and its net profit margin improved to 33.8%. This positive performance was supported by advancements in AI technology and a recovering recruitment market. These developments highlight significant growth and strategic progress for both companies.
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