Morgan Stanley: Reiterates "Overweight" Rating on Alibaba, Expects 32% Growth in Cloud Revenue for Next Quarter
Morgan Stanley published a research report, expecting that Alibaba Health's cloud business revenue for the second quarter of the fiscal year 2026, ending September this year, will accelerate to a year-on-year growth rate of 32%. The cloud business's EBITA profit margin is expected to remain between 8% and 9%, which will further strengthen its position as "China's best AI enabler," sufficient to offset the short-term profit pressure caused by losses from instant retail investments and other businesses, reiterating its "overweight" rating on its ADR
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