Kanzhun Ltd. (NASDAQ: BZ) Upgraded to Outperform Amid Strong Share Repurchase Program

• Bernstein upgraded Kanzhun Ltd. (NASDAQ: BZ) to Outperform, highlighting an attractive forward P/E valuation of around 11x.
• The company demonstrates a strong commitment to shareholder returns, with over RMB 1.63 billion in share repurchases in 2026 and a plan to allocate at least 50% of adjusted net income for shareholder returns.
• Kanzhun Ltd. exhibits robust financial health, boasting an 85% gross margin and a net cash balance, supported by growth in large company hiring and its blue-collar recruitment segment.

On June 5, 2026, Bernstein upgraded its rating on Kanzhun Ltd. (NASDAQ: BZ) to Outperform, with the stock priced at $14.24. Also known as BOSS Zhipin, the company operates a leading online recruitment platform in China. It connects job seekers and employers through a mobile-first app, streamlining the hiring process.

The upgrade reflects Kanzhun Ltd.'s strong commitment to creating shareholder value. The company is actively buying back its own shares, a process known as a share repurchase. This action can increase the value of the remaining shares for investors. On June 3, 2026, Kanzhun Ltd. spent over RMB 40.6 million to repurchase about 845,000 shares.

This brings the company's total share repurchases in 2026 to more than RMB 1.63 billion. The board also increased the total repurchase authorization to US$400 million, extending it through August 2027. Starting in 2026, Kanzhun Ltd. plans to use at least 50% of its adjusted net income for shareholder returns for three years.

The company's financial health is solid, as highlighted by Seeking Alpha. Kanzhun Ltd. has an impressive 85% gross margin and holds a net cash balance, meaning it has more cash than debt. Its growth is supported by a recovery in hiring by large companies and strong performance in its blue-collar recruitment segment, which is over 40% of revenue.

Despite some revenue distortions, underlying signals show improvement. The company is also successfully making money from its AI initiatives. Kanzhun Ltd. trades at a forward price-to-earnings (P/E) valuation of around 11x. This ratio compares the company's stock price to its expected future earnings, suggesting an attractive valuation.