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G Sachs Reiterates Buy on KUAISHOU-W; Mkt Undervalues Kling Biz
2026-02-13 11:53:20
Goldman Sachs has released a report reiterating a Buy rating on KUAISHOU-W (01024.HK), with a target price of HKD87.

The report analyzed core controversies regarding KUAISHOU-W from investor dialogues over the past two months, including the potential of Kling AI and competition from peers like Seedance 2.0, various tax-related issues, and potential tax pressures in 2026. They also explored the company's overall growth prospects this year against the backdrop of a sluggish consumer environment.

Seeing that KUAISHOU-W's stock price had previously aligned with industry performance but recently fell below the forecasted 2026 P/E ratio of 12x after adjustments, Goldman Sachs believes the company's current risk-reward is more favorable as the market undervalues the AI/ Kling business. The broker's analysis also indicates that the potential tax burden impact has been largely reflected in the stock price.
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