In a report released today, Vincent Yu from Needham assigned a Buy rating to 36Kr Holdings Inc (KRKR), with a price target of $6.00. The company’s shares closed last Monday at $2.91, close to its 52-week low of $2.29.
According to TipRanks.com, Yu is a 3-star analyst with an average return of 2.1% and a 47.1% success rate. Yu covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, China Online Education Group, and So-Young International.
36Kr Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $6.00.
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Based on 36Kr Holdings Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $65.2 million and GAAP net loss of $95.38 million. In comparison, last year the company earned revenue of $83.8 million and had a GAAP net loss of $13.6 million.
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36Kr Holdings, Inc. operates as an online media publisher offering new economy focused content. The firm offers business services, including online advertising services, enterprise value-added services and subscription services. The company was founded by Chengcheng Liu on December 3, 2018 is headquartered in Beijing, China.
