Kuaishou Technology hits nearly one-year low as Citi and Jefferies cut target prices

Shares of Chinese short-video platform Kuaishou Technology 1024.HK drop 13.9% to HK$45.66, their lowest level since April 9, 2025

Stock set for biggest one-day pct decline since April 7, 2025, on track to snap two straight sessions of gains

Top pct loser in the benchmark Hang Seng Index .HSI and Hang Seng TECH Index .HSTECH, which are down 0.5% and 0.7%, respectively

Co says its Q4 revenue up 11.8% y/y, adjusted net profit up 16.2% y/y

Citi maintains "buy" rating but trims target price to HK$72 from HK$95 to reflect latest revenue growth outlook and heavy AI investments

Jefferies keeps "buy" rating, saying Q4 results largely in line with market expectations

But cuts price target to HK$82 from HK$106 on expectation of lower live streaming revenue in 2026 on ecosystem enhancements

YTD, Kuaishou Technology stock down 27.8%