Citi bullish on KE Holdings stock, eyes growth in home sales and renovation sectors By Investing.com
© Reuters.On Tuesday, Citi reaffirmed its Buy rating on KE Holdings stock (NYSE: BEKE), holding the price target steady at $21.10. The firm launched a 90-day positive catalyst watch for the company, anticipating a series of favorable developments. Citi expects the company to benefit from a positive trend in existing home sales, particularly noting recent performance in key cities such as Shenzhen.
The analyst pointed to a turnaround in Gross Transaction Value (GTV) year-over-year, which is expected to become positive in April, following a significant month-over-month increase in March. This growth is projected to continue, with market share gains…
