Goldman Sachs analyst Piyush Mubayi downgraded Kingsoft Cloud Holdings Ltd. to Neutral from Buy with a price target of $18, down from $37. The price target implies a 14.3 percent upside. Mubayi stays constructive on China’s cloud market that is likely to grow at 37 percent CAGR in 2020–2025 as per CAICT. Mubayi observes Kingsoft accounted for 4.8…
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