Bernstein upgraded Kanzhun Limited to Outperform from Market Perform and raised its price target to $18 from $16.50, citing supportive high-frequency data for billings growth and the company's use of AI to sell candidate matches at higher rates. The upgrade follows Kanzhun's first-quarter 2026 results, which showed revenue of RMB2,068.8 million, up 7.6% year-on-year, and net income of RMB1,125.8 million, a 119.8% jump partly driven by investment gains. Total paid enterprise customers reached 7.1 million over the trailing twelve months, up 10.9%, while average monthly active users rose 5.7% to 60.9 million. For the second quarter, the company guided for revenue between RMB2.38 billion and RMB2.42 billion, representing year-on-year growth of 13.2% to 15.1%.
Kanzhun Ltd.Bernstein upgraded Kanzhun to Outperform and raised price target to $18, citing supportive data and AI use.