Goldman Sachs: Kuaishou-W (01024.HK) has potential with Ling AI, target price raised to 68 Hong Kong dollars.

According to the Zhixiong Finance APP, Goldman Sachs released a research report stating that Kuaishou-W (01024.HK) performed strongly with its Ling AI video and image generation tools, with steady subscription levels in April and May. They are optimistic about its growth potential, thus raising Kuaishou's target price from 63 Hong Kong dollars to 68 Hong Kong dollars, maintaining a "buy" rating and believing that the risk-return ratio is attractive. Kuaishou's stock price has risen by 47% since the beginning of the year, significantly outperforming the Hang Seng Index and Hang Seng Technology Index during the same period. The bank believes that this reflects investors' optimistic expectations for Kuaishou's AI business development and the recovery of its core advertising business.