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Kingsoft Cloud Holdings Reaches Analyst Target Price

In recent trading, shares of Kingsoft Cloud Holdings Ltd (KC) have crossed above the average analyst 12-month target price of $15.80, changing hands for $15.91/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..

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Kingsoft Cloud Holdings Limited Sponsored ADR (KC)