On November 14, Gelonghui reported that Kingsoft Cloud (KC.US), which saw a significant increase of 9.07% yesterday, continued to rise by 2.25% in pre-market trading today, reaching $4.55. CICC's research report indicated that Kingsoft Cloud announced the signing of a financing lease agreement with CITIC Financial Leasing to accelerate investment related to AI infrastructure. CICC has adjusted its revenue forecasts for the group in the next two years upward by 1.5% and 5.7%, respectively, to 7.5 billion and 8.3 billion yuan; it also raised the adjusted EBITDA by 54.9% and 77.5%. The firm maintained its 'outperforming the industry' rating, raising the target price by 71% to $6. (Gelonghui)
美股异动丨金山云盘前续涨2% 获中金大幅上调目标价至6美元
U.S. stocks are moving丨Kingsoft Cloud continues to rise 2% before the market opens, with CITIC Securities significantly raising the target price to $6.
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