Goldman Sachs has included KUAISHOU-W as its top stock pick for the month, with a target price of HKD 88.

Goldman Sachs has included KUAISHOU-W as its top stock pick for the month, with a target price of HKD 88. Goldman Sachs analysts predict that the overall consumption growth rate will slow down to 7% in 2024, and they believe that the future revenue growth of KUAISHOU-WR will mainly come from the expansion of the e-commerce category, the increase in penetration rate of paid users, and the monetization efficiency improvement of the platform's promotional products. Goldman Sachs believes that the improvement in the e-commerce monetization rate of KUAISHOU-WR is expected to reduce the proportion of low-profit live streaming business, while improving profitability through cost control and optimization of bandwidth. KUAISHOU-WR has differentiated content that attracts different user groups compared to Douyin and Video Number, and its operating performance is currently growing in line with Goldman Sachs' predictions.