Kingsoft Cloud Holdings Ltd's stock surged 5.41% during the night session, reflecting investor optimism ahead of the company's upcoming quarterly earnings report.

The positive movement appears driven by a favorable earnings preview indicating strong growth expectations. Analysts forecast revenue of 2.74 billion RMB for the current quarter, representing a 29.78% year-over-year increase, with adjusted EPS expected to improve by 27.29% to -0.62 RMB compared to the same period last year.

Institutional sentiment has turned increasingly bullish, highlighted by Goldman Sachs upgrading Kingsoft Cloud Holdings to Buy from Neutral and raising its price target to $15.60. The majority of analysts surveyed maintain a Buy rating with an average price target of $18.33, signaling confidence in the company's execution and earnings trajectory as it focuses on improving operating efficiency and margin stability.