{"id":77458,"date":"2024-03-12T11:44:33","date_gmt":"2024-03-12T16:44:33","guid":{"rendered":"https:\/\/equitynewsreport.com\/jefferies-raises-kanzhun-stock-target-to-23-30-maintains-buy-rating\/"},"modified":"2024-03-12T11:44:33","modified_gmt":"2024-03-12T16:44:33","slug":"jefferies-raises-kanzhun-stock-target-to-23-30-maintains-buy-rating","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/jefferies-raises-kanzhun-stock-target-to-23-30-maintains-buy-rating\/","title":{"rendered":"Jefferies raises Kanzhun stock target to $23.30, maintains buy rating"},"content":{"rendered":"<div readability=\"66\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Jefferies raises Kanzhun stock target to $23.30, maintains buy rating\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/news\/LYNXNPEB6U08A_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>On Tuesday, Jefferies, a global investment banking firm, increased its price target on shares of Kanzhun Ltd. (NASDAQ: BZ), a leading online recruitment platform in China. The new stock price target is set at $23.30, up from the previous $20.20, while the firm continues to endorse a Buy rating for the stock.<\/p>\n<p>Kanzhun recently disclosed its fourth-quarter results, which, along with its first-quarter revenue guidance, surpassed consensus expectations. The management team, during the earnings call, pointed out several positive trends observed post-Chinese New Year. Notably, there has been a more rapid growth in daily active users (DAU) among enterprise customers compared to job seekers, and an improvement in the cost\/benefit ratio.<\/p>\n<p>The analyst from Jefferies highlighted the company&#8217;s increasing confidence as evidenced by the year-over-year growth in the number of new job postings and active positions. Based on these strong performance indicators, Jefferies has revised its projections for Kanzhun&#8217;s cash billings for the full year 2024 upwards. The firm also reaffirmed its expectation for the expansion of the company&#8217;s non-GAAP operating margins.<\/p>\n<p>The endorsement from Jefferies reflects a positive outlook on Kanzhun&#8217;s operational and financial health. The upward revision in the stock price target is based on the company&#8217;s recent performance and the management&#8217;s optimistic guidance for the upcoming quarters.<\/p>\n<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&#038;C.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. On Tuesday, Jefferies, a global investment banking firm, increased its price target on shares of Kanzhun Ltd. (NASDAQ: BZ), a leading online recruitment platform in China. The new stock price target is set at $23.30, up from the previous $20.20, while the firm continues to endorse a Buy rating for the stock. Kanzhun recently disclosed its fourth-quarter results, which, along with its first-quarter revenue guidance, surpassed consensus expectations. The management team, during the earnings call, pointed out several positive trends observed post-Chinese New Year. Notably, there has been a more rapid growth in daily active users (DAU) among [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77459,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,49,50,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77458"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77458"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77459"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}