On August 25, KUAISHOU-W continued its strong performance with shares opening higher and climbing further in early trading, with gains approaching 5% at one point. The stock has accumulated gains of over 8% across two consecutive trading days following its earnings release. This robust performance stems from the company's better-than-expected second-quarter results announced on August 21. To date, 11 institutions including Goldman Sachs, Morgan Stanley, Jefferies, Daiwa, Macquarie, CICC, Huatai Securities, CMB International, BOC International, BOCOM International, and UOB have collectively raised their target prices.
Institutional research reports widely highlight that KUAISHOU-W's Q2 core financial metrics delivered impressive results, with profit levels, Kling business revenue, and e-commerce GMV all exceeding market expectations. Additionally, the company's announcement of a special dividend distribution has further bolstered investor confidence.
Institutional analysis suggests that Kling's independent valuation logic is strengthening. Some investment banks have raised target prices based on 2026 PE multiples, while others have explicitly conducted separate valuation reassessments for the Kling business, reflecting market recognition of its commercialization prospects.
Notably, despite KUAISHOU-W's continued increased capital expenditure in artificial intelligence, the company has maintained stable overall profit margins, earning positive評價 from multiple institutions. Goldman Sachs noted in its report that the company has found a balance between maintaining stable profit margins and achieving above-market growth in its core business. CMB International believes that profit margins can remain stable while increasing AI investment, primarily due to the company's strong operational leverage.
UBS expects KUAISHOU-W's e-commerce GMV growth to reach 13% in the second half of the year, outperforming the overall industry level. BOCOM International expressed optimism about the company's multi-scenario operations improvements across various domains like pan-shelf formats to enhance cross-scenario e-commerce repurchase rates. Regarding Kling, they expect KUAISHOU-W to maintain its leading technical capabilities and commercialization monetization in image-to-video generation within the video generation field.
Furthermore, the special dividend distribution has been interpreted by the market as a signal of the company's abundant cash flow and management's optimistic outlook on future earnings prospects.
As of press time, KUAISHOU-W shares continued their strong performance, with early trading gains on August 25 approaching 5% at one point. The adjusted target prices from multiple institutions still show significant upside potential compared to current share prices, reflecting the market's continued optimism about KUAISHOU-W's medium to long-term growth momentum, particularly the commercialization potential in segments like Kling and e-commerce.