Daiwa Capital Markets has released a research report indicating that KE Holdings Inc. (BEKE-W) reported first-quarter adjusted net profit and provided second-quarter revenue guidance that exceeded both the firm's and market expectations. Consequently, Daiwa has raised its target price for the stock from HK$41 to HK$53 and upgraded its rating to "Buy." The brokerage has also revised its profit forecasts upward, now projecting adjusted earnings for 2026 to reach RMB 8.0 billion, representing a 63% year-on-year increase. The new target price implies a valuation of 20 times estimated 2026 earnings.