Kanzhun: Long-Term Growth Remains Intact [Seeking Alpha]
KANZHUN LIMITED - American Depository Shares (BZ)
Company Research
Source: Seeking Alpha
Kanzhun remains a buy despite the recent sell-off; long-term growth potential is intact with strong fundamentals and user growth. 2Q24 earnings showed 29% y/y revenue growth and 27% y/y adjusted net profit growth; management's conservative 3Q24 guidance caused a share price drop. BZ's expansion into new verticals and international markets, along with strong user growth, underscore its robust growth potential. MoMo Productions/DigitalVision via Getty Images Investment overview I wrote about Kanzhun Limited ( NASDAQ: BZ ) previously (July) with a buy rating, as I expect the business to continue growing strongly by disrupting the industry and riding on its flywheel effect. Despite the sharp sell-off in share price, I believe the stock remains cheap as the long-term growth potential is not impaired. 2Q24 earnings Total revenue grew 29% y/y to RMB1.92 billion, with cash billings growing by 20% y/y to RMB 1.95 billion. Adj gross profit saw RMB1.6 billion (84.1% margin), an ex
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BZ
News
- Kanzhun Limited (NASDAQ: BZ) is now covered by analysts at CLSA. They set an "outperform" rating and a $18.00 price target on the stock.MarketBeat
- Kanzhun Limited (NASDAQ: BZ) had its price target lowered by analysts at Barclays PLC from $27.00 to $14.00. They now have an "overweight" rating on the stock.MarketBeat
- KANZHUN LIMITED Upsizes Total Share Repurchase Program to US$350 Million With a New ProgramGlobeNewswire
- KANZHUN LIMITED Announces Adoption of New Share Repurchase ProgramGlobeNewswire
- Kanzhun Limited (BZ) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
BZ
Earnings
- 8/28/24 - Beat
BZ
Sec Filings
- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/19/24 - Form 6-K
- BZ's page on the SEC website