KE Holdings (BEKE) Stock Rated Buy as Q2 Earnings Beat Estimates

KE Holdings Inc. (NYSE:BEKE) ranks among the best Asian stocks to buy. Jefferies maintained its Buy rating on KE Holdings Inc. (NYSE:BEKE) on August 26 while reducing its price target from $24.50 to $22. The cut comes after KE Holdings’ second-quarter reports, which showed non-GAAP earnings above estimates and revenue in line with expectations.

According to Jefferies, since June, the management of KE Holdings Inc. (NYSE:BEKE) has emphasized softer industry trends in the marketplaces for both new and existing home sales. KE Holdings has responded to these market conditions by putting policies in place to boost agent performance, store productivity, and efficiency.

Along with using artificial intelligence to improve operations and customer experience, the company is also bolstering the unit economics of home furnishings and renovations.

Chinese real estate holding company KE Holdings Inc. (NYSE:BEKE) offers a comprehensive online and offline platform for housing services and transactions.

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Disclosure: None. This article is originally published at Insider Monkey.