Bernstein upgraded BZ to Outperform, citing accelerating billings and AI adoption in job-matching services.
Bernstein raised its price target for Kanzhun Limited (NASDAQ:BZ) to $18 from $16.50 and upgraded the stock to Outperform on June 5, 2026. The firm highlighted Kanzhun’s use of AI to improve candidate-employer matches, driving higher billings growth than traditional job postings.
Kanzhun reported first-quarter 2026 revenue of RMB2,068.8 million, up 7.6% year-over-year, while net income surged 119.8% to RMB1,125.8 million. Paid enterprise customers rose 10.9% to 7.1 million, and monthly active users grew 5.7% to 60.9 million. The company noted momentum accelerated post-Chinese New Year, with March active users exceeding 72 million.
The upgrade follows strong Q1 results and reflects confidence in Kanzhun’s AI integration and scaling user engagement. Bernstein’s high-frequency data supports continued billings growth.