Kuaishou Technology hits nearly one-year low as Citi and Jefferies cut target prices

Kuaishou Technology

26/03/2026 02:07

** Shares of Chinese short-video platform Kuaishou Technology 1024.HK drop 13.9% to HK$45.66, their lowest level since April 9, 2025

** Stock set for biggest one-day pct decline since April 7, 2025, on track to snap two straight sessions of gains

** Top pct loser in the benchmark Hang Seng Index .HSI and Hang Seng TECH Index .HSTECH, which are down 0.5% and 0.7%, respectively

** Co says its Q4 revenue up 11.8% y/y, adjusted net profit up 16.2% y/y

** Citi maintains "buy" rating but trims target price to HK$72 from HK$95 to reflect latest revenue growth outlook and heavy AI investments

** Jefferies keeps "buy" rating, saying Q4 results largely in line with market expectations

** But cuts price target to HK$82 from HK$106 on expectation of lower live streaming revenue in 2026 on ecosystem enhancements

** YTD, Kuaishou Technology stock down 27.8%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))