(NYSE:KC) Coverage Initiated at Goldman Sachs Group

Goldman Sachs Group began coverage on shares of (NYSE:KC) in a research note issued 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 suggests a potential upside of 7.87% from the company’s previous close.

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

KC stock opened at $31.52 on Monday. The firm has a 50 day moving average of $22.33. has a 1 year low of $17.01 and a 1 year high of $32.88. (NYSE:KC) last posted its quarterly earnings results on Wednesday, June 3rd. The company reported ($4.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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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