Jefferies keeps HKD 63 target for Kuaishou stock after Kling launch

Published on 10/20/2026 at 22:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kling 4.0 launched October 15 with 30-second videos. Kuaishou stock costs EUR 3.32 on October 20, 2026, up 2.15 percent versus the Frankfurt close.

Analyst target and AI launch

Jefferies maintained a HKD 63.00 target and Buy rating on October 16, 2026.
Kling 4.0 supports 30-second video generation and up to 10 keyframes.
Kuaishou stock costs EUR 3.32 at Lang & Schwarz on October 20, 2026 at 9:53 p.m. CEST, plus 2.15 percent versus the Frankfurt close of October 19, 2026.
Second-quarter revenue rose 1.40 percent to RMB 35.50 billion.

Kuaishou, KYG532631028, Illustration mit AI erstellt.

Kuaishou Technology (KYG532631028) is trading against a fresh AI catalyst after Futubull reported on October 16, 2026 that Jefferies maintained a Buy rating and a HKD 63.00 price target after Kuaishou launched Kling 4.0. The target was 120.43 percent above the HKD 28.58 share price cited in the note. Kuaishou stock was trading at EUR 3.32 at Lang & Schwarz on October 20, 2026 at 9:53 p.m. CEST, plus 2.15 percent versus the Frankfurt close of October 19, 2026 at EUR 3.25.

Kling 4.0 raises the AI stakes

MarketScreener reported that Kuaishou officially launched Kling 4.0 on October 15, 2026. The model generates videos of up to 30 seconds in one pass, supports up to 10 keyframes and accepts up to 15 reference assets. API access for enterprise customers and developers is planned, giving the release a commercial dimension beyond consumer video creation.

The Jefferies note dated October 16, 2026 linked the model upgrade with a potential expansion of Kling's annual recurring revenue. It also cited a post-investment valuation of approximately USD 18.00 billion for the Kling business, while listing slower user growth, weaker advertising growth and regulatory policy as risks.

Stock position stays demanding

The Frankfurt quote showed a 52-week low of EUR 3.20 and no reported high in the retrieved range on October 20, 2026. The broader Hong Kong listing closed at HKD 28.70 on October 20, 2026, down 2.05 percent from the prior HKEX session, while volume reached 42,022,996 shares. These figures place the Hong Kong listing close to its reported yearly low of HKD 28.24.

What does the target imply?

The valuation gap is visible in the latest reported accounts. In the second quarter of 2026, Yahoo Finance carried management's figures of RMB 35.50 billion in revenue, up 1.40 percent year over year, and adjusted net profit of RMB 3.90 billion at an 11.00 percent adjusted margin. Kling AI revenue exceeded RMB 850.00 million and grew more than 200.00 percent year over year in that quarter.

Comparison with peers

Kuaishou: plus 2.15 percent versus the Frankfurt close, price-to-earnings ratio 6.87, market capitalization HKD 123.4 billion.

Tencent Holdings: minus 1.77 percent on HKEX, price-to-earnings ratio 13.80, market capitalization HKD 3.7 trillion.

Bilibili: minus 2.24 percent on HKEX, price-to-earnings ratio 27.59, market capitalization HKD 45.0 billion.

Dates and investor watchpoints

Kuaishou's investor-relations page lists the second-quarter and interim 2026 results conference call on August 19, 2026 and the Kling 4.0 launch on October 17, 2026. The latest financial period ended June 30, 2026, while the next reporting date has not been published in the cited calendar.

AI investment meets valuation

Kuaishou combines a low reported price-to-earnings ratio with a sharp contrast between modest group revenue growth and rapid Kling expansion. The market value assigned to the AI unit therefore remains central to the Jefferies target, while the second-quarter margin shows the cost of continued investment.

The further course of trading is shown by the continuously updated real-time quote of Kuaishou stock.