• The average price target for Kanzhun Limited (NASDAQ:BZ) has fluctuated over the past year, reflecting varying analyst opinions and market conditions.
• Kanzhun reported a 29% year-over-year revenue growth and a 27% increase in adjusted net profit in the second quarter of 2024, showcasing its strong performance.
• Despite a downward trend in consensus price targets, analyst Ellie Jiang from Macquarie sets a current price target of $22, indicating confidence in Kanzhun's long-term growth.

Kanzhun Limited (NASDAQ:BZ) operates BOSS Zhipin, a leading online recruitment platform in China. The company has experienced a shift in its stock consensus target price over the past year, reflecting analysts' changing views on its performance and market conditions. Kanzhun competes with other recruitment platforms in China, navigating a dynamic and competitive landscape.

Last month, the average price target for Kanzhun was $15, indicating a cautious outlook from analysts. This could be due to recent market conditions or company-specific developments. Despite this, Kanzhun experienced a 19.3% surge in its last trading session, driven by higher-than-average trading volume, as highlighted by Zacks.

Three months ago, the average price target was higher at $18.5, suggesting a more optimistic view of Kanzhun's potential. This optimism may have been influenced by the company's quarterly earnings reports or strategic initiatives. In the second quarter of 2024, Kanzhun reported a 29% year-over-year revenue growth and a 27% increase in adjusted net profit, demonstrating strong performance.

A year ago, the average price target was $21.82, reflecting a bullish sentiment on Kanzhun's growth prospects. Despite the downward trend in the consensus price target, analyst Ellie Jiang from Macquarie has set a current price target of $22, indicating confidence in Kanzhun's long-term growth potential. The company continues to expand into new verticals and international markets, supported by solid fundamentals and increasing user growth.

Investors should consider these target price changes alongside recent company news and earnings reports. Kanzhun's upcoming third-quarter results are anticipated, with Wall Street expecting earnings growth. However, it is suggested that Kanzhun may not have the optimal combination of factors necessary for an earnings beat in this report, as noted by Macquarie's Ellie Jiang.