0758 GMT - Kuaishou Technology's outlook looks positive in 2Q with steady core businesses and encouraging AI progress, according to Deutsche Bank Research analyst Leo Chiang in commentary. Kling AI, a tool for creating imaginative images and videos, continued to gain traction, generating 150 million yuan in revenue in the first quarter, Chiang says. This progress is likely to continue, he adds. The analyst expects its core ads and e-commerce businesses to maintain steady growth in 2Q as it continues to enhance its video-content ecosystem and monetization capabilities. DB keeps a buy rating, with a target price of HK$75.00. Shares were last traded at HK$53.00. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 30, 2025 03:58 ET (07:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.