Credit Suisse slightly raised Alibaba's target price to 224 yuan, maintaining a "Buy" rating

AASTOCKS
2025.11.26 07:36

Credit Suisse published a research report indicating that Alibaba-W (09988.HK) performed steadily across various business segments last quarter. Among them, it is expected that the losses in "instant e-commerce" will significantly narrow quarter-on-quarter, outperforming market expectations. In terms of cloud business, despite supply chain fluctuations, it is expected to maintain high growth momentum due to strong demand for artificial intelligence. Customer Management Revenue (CMR) is expected to stabilize due to base period effects.

The firm slightly raised its target price for Alibaba (BABA.US) from $230 to $231; the target price for Hong Kong stocks was raised from HKD 223 to HKD 224, maintaining a "Buy" rating to reflect business updates

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