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Read Why Jefferies Is Bullish On Kanzhun

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·1 min read
In this article:
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  • Jefferies analyst Thomas Chong initiated coverage of Kanzhun Ltd (NASDAQ: BZ) with a Buy and $44 price target. The price target implies a 30.4% upside.

  • Chong noted that Kanzhun's BOSS is an online recruitment service in China and is well known via its mobile-native product BOSS Zhipin.

  • BOSS Zhipin has become "one of the largest online recruitment platforms in China."

  • China's online recruitment market will likely grow at ~32% compound annual growth rate between 2020-2025.

  • Chong also said that the market has "huge potential."

  • Chong added that technology is "another important core strength of BOSS."

  • Chong sees Kanzhun's AI-backed matching and recommendation technology standing out.

  • Price Action: BZ shares traded higher by 6.4% at $33.74 on the last check Thursday.

Latest Ratings for BZ

Dec 2021

Jefferies

Initiates Coverage On

Buy

Jul 2021

China Renaissance

Initiates Coverage On

Buy

Jul 2021

Goldman Sachs

Initiates Coverage On

Neutral

View More Analyst Ratings for BZ
View the Latest Analyst Ratings

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