0424 GMT - Recruit Holdings is likely an artificial-intelligence-driven growth play, SMBC Nikko Securities' Eiji Maeda says in a research report. Its core strategy uses data, technology and automation to connect job seekers and companies, with AI expected to quicken the realization of this strategy, the analyst says. Longer-term growth potential in the Japanese company's human resources technology segment is expected to exceed already-high expectations. The brokerage raises the stock's target price to 19,600 yen from Y14,500 with an unchanged outperform rating. Shares are 1.9% higher at Y16,925.
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