Citigroup increased its target price for KUAISHOU-W (01024) to HK$88, anticipating the short-video platform's second-quarter earnings to align closely with market expectations. The adjustment reflects confidence in Kuaishou's monetization trajectory and operational efficiency improvements amid evolving digital advertising dynamics. Analysts noted sustained user growth and enhanced commercial initiatives as key drivers behind the revised valuation. Market observers will monitor the company's upcoming earnings release for validation of these projections.
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