(NYSE:KC) Coverage Initiated at Goldman Sachs Group

Stock analysts at Goldman Sachs Group initiated coverage on shares of (NYSE:KC) in a research report issued to clients and investors on Monday, The Fly reports. The firm set a “buy” rating and a $34.00 price target on the stock. Goldman Sachs Group’s price objective points to a potential upside of 7.87% from the company’s current price.

Separately, JPMorgan Chase & Co. began coverage on in a report on Monday, June 8th. They issued an “overweight” rating and a $27.00 price target on the stock.

Shares of NYSE:KC opened at $31.52 on Monday. has a 12-month low of $17.01 and a 12-month high of $32.88. The firm has a fifty day moving average of $22.33. (NYSE:KC) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($4.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($3.80). The firm had revenue of $196.44 million during the quarter. Company Profile

Kingsoft Cloud Holdings Limited researches, develops, and provides cloud technology and services. The company develops a service system which is based on its cloud storage platform. It offers file sharing and storage service under brand name Kuaipan to enterprises and individual users. The company was founded in 2012 and is based in Cayman Islands.

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