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Why Shares of KE Holdings Are Up Today

TheMotleyFool

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Shares of KE Holdings (NYSE: BEKE), the largest real estate platform in China, traded as much as 11.5% higher this morning after an analyst at Goldman Sachs upgraded the stock.

Goldman analyst Elsie Cheng upgraded KE Holdings, which operates China's leading real estate brokerage brand, from a neutral rating to a buy rating, sending shares higher.

The company has been around for about two decades and went public last August, pricing its IPO at about $20 per share. Today, KE Holdings trades for more than $59 per share.

Source Fool.com

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