---
title: "CITIC International raised KE's target price to $21.8, expecting a profit recovery this year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275424020.md"
description: "CMB International predicts that KE's revenue in the fourth quarter of last year will decline by 28.5% to RMB 22.2 billion, with an expected quarterly non-GAAP net profit of RMB 427 million and a net profit margin of 1.9%. Nevertheless, CMB International is optimistic about KE's technological capabilities and service quality, forecasting that this year's non-GAAP net profit will reach RMB 7 billion, a year-on-year increase of approximately 42%. Therefore, the target price for KE has been raised to $21.8, maintaining a \"Buy\" rating"
datetime: "2026-02-10T08:03:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275424020.md)
  - [en](https://longbridge.com/en/news/275424020.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275424020.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275424020.md) | [繁體中文](https://longbridge.com/zh-HK/news/275424020.md)


# CITIC International raised KE's target price to $21.8, expecting a profit recovery this year

Zhao Yin International published a research report predicting that due to the high base effect, KE (02423.HK) will see a year-on-year revenue decline of 28.5% to RMB 22.2 billion in the fourth quarter of last year. After accounting for one-time cost control measures, the forecast for quarterly non-GAAP net profit is RMB 427 million, with a non-GAAP net profit margin expected to reach 1.9%.

However, the bank emphasized its optimism about KE's strong technological capabilities, high-quality service, and mature broker cooperation network, which are expected to expand market share in the housing transaction business. It anticipates that this year the group will implement cost optimization measures for its core property transaction business, along with improvements in new business profitability, which will drive a recovery in earnings. It is expected that the non-GAAP net profit for the entire year will reach RMB 7 billion, representing a year-on-year growth of approximately 42% compared to the forecast of RMB 4.9 billion in 2025. Zhao Yin International raised KE's (BEKE.US) target price for U.S. stocks from $20.7 to $21.8, maintaining a "Buy" rating

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