Kanzhun price target raised to $27 from $22 at Barclays

Barclays analyst Jiong Shao raised the firm’s price target on Kanzhun to $27 from $22 and keeps an Overweight rating on the shares. The company reported better than expected Q4 results across all metrics – cash billings, revenues, gross margins and operating margins, the analyst tells investors in a research note. The firm likes Kanzhun’s accelerating momentum in operating metrics and upsized share buyback program.