Citi lowered the firm’s price target on Kanzhun (BZ) to $16 from $17 and keeps a Buy rating on the shares. The firm expects Q3 results largely in line with consensus. Except for verticals related to export, recruitment demand could worsen in Q4 for most Kanzhun’s verticals, the analyst tells investors in a research note. However, Citi believes the company could focus more on cost optimization to drive its profitability improvement to navigate through the macro headwinds.
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Read More on BZ:
- BZ Upcoming Earnings Report: What to Expect?
- Kanzhun Ltd Enhances Stakeholder Value with Share Purchase
- Kanzhun Ltd Reports Share Reduction in October
- Kanzhun Limited Announces Share Structure Changes
- Kanzhun price target raised to $22 from $16.30 at Macquarie
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
