---
title: "Goldman Sachs reiterated its \"Buy\" rating on KUAISHOU-W, indicating that the market underestimates the valuation of its core business"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275847249.md"
description: "Goldman Sachs reiterated its \"Buy\" rating on KUAISHOU-W, with a target price of 87 yuan. The report analyzed investors' core controversies regarding KUAISHOU-W, including the potential of generative AI, industry competition, and tax-related issues. Goldman Sachs pointed out that after a recent adjustment, KUAISHOU-W's stock price fell below the forecasted price-to-earnings ratio of 12 times for 2026, believing that the market has underestimated the valuation of KUAISHOU-W's artificial intelligence business, making the risk-reward more favorable"
datetime: "2026-02-13T03:53:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275847249.md)
  - [en](https://longbridge.com/en/news/275847249.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275847249.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275847249.md) | [繁體中文](https://longbridge.com/zh-HK/news/275847249.md)


# Goldman Sachs reiterated its "Buy" rating on KUAISHOU-W, indicating that the market underestimates the valuation of its core business

Goldman Sachs released a report, reiterating a "Buy" rating for KUAISHOU-W (01024.HK) with a target price of HKD 87.

The bank analyzed the core controversies in investor discussions about KUAISHOU over the past two months, including the potential of its AI capabilities and competition from peers (such as Seedance 2.0), various tax-related issues, and potential tax pressures in 2026 (such as "traffic acquisition tax," value-added tax, corporate income tax, etc.), while exploring the company's overall growth prospects this year against a backdrop of a sluggish consumer environment.

The bank noted that KUAISHOU's stock price had previously been roughly in line with industry performance, but after recent adjustments, it has fallen below the forecasted price-to-earnings ratio of 12 times for 2026. They believe that KUAISHOU's current risk-reward profile is more favorable, as the market underestimates the valuation of KUAISHOU's AI/capability business. The bank's analysis also indicates that the impact of potential tax burdens has largely been reflected in the stock price

### Related Stocks

- [KUAISHOU-W (01024.HK)](https://longbridge.com/en/quote/01024.HK.md)

## Related News & Research

- [China Communications Services Proposes Final 2025 Dividend and Sets H-Share Tax Terms](https://longbridge.com/en/news/281180897.md)
- [Bank of Baroda Ltd receives tax demand order of 4.57 billion rupees](https://longbridge.com/en/news/281051011.md)
- [The AI Revolution and The 90s Internet Boom](https://longbridge.com/en/news/281005956.md)
- [Impression Dahongpao Sets Final 2025 Dividend and Outlines Tax Terms for H Shareholders](https://longbridge.com/en/news/281184779.md)
- [My CPA mixed up my tax-return info with another client's. Is this a warning signal I shouldn't ignore?](https://longbridge.com/en/news/281408748.md)