Credit Suisse lowers KUAISHOU's target price to 82 yuan, maintains "Buy" rating
Futu published a report stating that Kuaishou (01024.HK) announced its fourth-quarter financial report, with total revenue and Non-IFRS net profit roughly in line with market and the firm's expectations. Regarding Kuaishou's outlook, the firm holds an optimistic view, expecting its revenue in the first quarter and 2026 to achieve triple-digit year-on-year growth.
The firm has lowered its 2026 live streaming revenue forecast for Kuaishou, primarily due to the optimization of the ecosystem, while adopting cautious assumptions regarding online marketing traffic support and incentive rebates among other revenue sources.
The firm maintains a "Buy" rating on Kuaishou but has lowered the target price from 106 yuan to 82 yuan based on SOTP valuation
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