---
title: "Citi: Downgraded BOSS ZHIPIN target price to $20, quarterly results beat expectations, first quarter guidance weak due to the later Lunar New Year"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/279737251.md"
description: "Citi released a research report stating that it expects BOSS ZHIPIN's revenue to grow by 13% year-on-year this year. Even with increased R&D investment and sponsorship of the World Cup, it is anticipated that the operating profit margin is likely to expand. Based on the latest price-to-earnings ratio, the bank has changed its valuation method from discounted cash flow to adjusted price-to-earnings ratio, predicting an adjusted price-to-earnings ratio of 14 times for next year. The target price for BOSS ZHIPIN's U.S. stock has been lowered from $24.5 to $20, maintaining an \"outperform\" rating. BOSS ZHIPIN-W's revenue, profit, and cash collections in the last quarter all exceeded expectations. Although the guidance for the first quarter of this year seems significantly below expectations, it is believed to be due to the later timing of the Lunar New Year this year. The bank mentioned that BOSS ZHIPIN's stock price had a significant correction earlier, consistent with the \"AI victim\" narrative in the U.S., but it believes the market has overlooked the differences in China's employment structure and mid-term revenue growth opportunities"
datetime: "2026-03-19T07:18:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279737251.md)
  - [en](https://longbridge.com/en/news/279737251.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279737251.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/279737251.md) | [繁體中文](https://longbridge.com/zh-HK/news/279737251.md)


# Citi: Downgraded BOSS ZHIPIN target price to $20, quarterly results beat expectations, first quarter guidance weak due to the later Lunar New Year

According to the Zhitong Finance APP, Credit Lyonnais has released a research report stating that it expects BOSS ZHIPIN's revenue to grow by 13% year-on-year this year. Even with increased R&D investment and sponsorship of the World Cup, it is anticipated that the operating profit margin is likely to expand. Based on the latest price-to-earnings ratio, the bank has changed its valuation method from discounted cash flow to adjusted price-to-earnings ratio, predicting an adjusted price-to-earnings ratio of 14 times for next year, and has lowered the target price for BOSS ZHIPIN (BZ.US) on the US stock market from $24.5 to $20, maintaining an "outperform" rating.

BOSS ZHIPIN-W (02076) reported revenue, profit, and cash receipts that all exceeded expectations in the last quarter. Although the guidance for the first quarter of this year seems significantly below expectations, it is believed to be due to the later timing of the Lunar New Year this year. The bank mentioned that BOSS ZHIPIN's stock price had a significant correction earlier, consistent with the "AI victim" narrative in the US, but it believes the market has overlooked the differences in China's employment structure and the mid-term revenue growth opportunities

### 相关股票

- [BOSS ZHIPIN-W (02076.HK)](https://longbridge.com/zh-CN/quote/02076.HK.md)

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