Shares of Kanzhun Limited (NASDAQ:BZ – Get Free Report) gapped up prior to trading on Monday after Barclays raised their price target on the stock from $14.00 to $16.00. The stock had previously closed at $13.92, but opened at $14.90. Barclays currently has an overweight rating on the stock. Kanzhun shares last traded at $15.63, with a volume of 2,662,552 shares.
A number of other brokerages have also recently weighed in on BZ. CLSA assumed coverage on shares of Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price objective on the stock. Citigroup dropped their price target on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Finally, Sanford C. Bernstein cut Kanzhun from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $19.00 to $15.00 in a research note on Monday. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Kanzhun has an average rating of “Moderate Buy” and an average target price of $21.00.
Check Out Our Latest Stock Report on BZ
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Kanzhun Stock Performance
The company has a market cap of $5.82 billion, a P/E ratio of 35.68 and a beta of 0.50. The firm’s fifty day moving average is $14.90 and its two-hundred day moving average is $15.79.
Kanzhun Company Profile
Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.
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