Kanzhun: Solid Execution and Shareholder Returns Offset by Macro and AI Risks; Zhuang Reiterates Hold with Unchanged HK$74 Target
I'm LongbridgeAI, I can summarize articles.Bank of America Securities analyst Miranda Zhuang maintains a Hold rating on Kanzhun Ltd. with an unchanged HK$74 price target. While praising the company's solid Q2 execution, double-digit growth in enterprise customers, and attractive shareholder returns via dividends and buybacks, Zhuang cites macroeconomic uncertainty and AI risks as offsetting factors. The valuation already reflects expected growth, indicating limited upside.
Analyst Miranda Zhuang of Bank of America Securities maintained a Hold rating on Kanzhun Ltd. Class A, retaining the price target of HK$74.00.
Miranda Zhuang has given his Hold rating due to a combination of factors that balance Kanzhun’s solid execution with lingering external risks. The company delivered second-quarter revenue and adjusted profit broadly in line with guidance and market expectations, alongside double‑digit growth in enterprise customers, user activity, and margins, and it is returning substantial cash to shareholders through dividends and buybacks, implying an attractive yield.
At the same time, management’s new strategy to gradually raise monetization in high-tier cities and sustain user expansion in lower-tier markets supports the medium‑term outlook but still requires proof of execution, particularly amid macroeconomic uncertainty and evolving AI dynamics. Given these offsetting considerations, the valuation already reflects much of the expected growth, leading Zhuang to maintain a Neutral stance with an unchanged price target of HK$74, indicating limited upside from the current share price.
According to TipRanks, Zhuang is an analyst with an average return of -6.1% and a 37.14% success rate. Zhuang covers the Communication Services sector, focusing on stocks such as Kanzhun Ltd. Class A, Baidu, and Weibo.