"Big Banks" Bank of America Securities lowers Alibaba's target price to 168 yuan and maintains a "Buy" rating

AASTOCKS
2026.04.13 03:05

Bank of America Securities published a research report, lowering the target price for Alibaba-W (09988.HK) from HKD 176 to HKD 168, maintaining a "Buy" rating. The target price for Alibaba (BABA.US) in the U.S. stock market was reduced from USD 180 to USD 172, mainly reflecting changes in customer management revenue recognition and increased AI-related investments, although this was partially offset by a narrowing loss in the rapid delivery business.

Bank of America expects that by the end of March, the average loss per order in the rapid delivery business will improve from RMB 3.5 to RMB 3.0. It is anticipated that the loss for the fiscal year 2027 will narrow from RMB 87 billion in fiscal year 2026 to RMB 45 billion. AI-related investments remain a focus, including the promotion of Tongyi Qianwen applications and rising costs for model training/inference

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