CMBI Raises Alibaba Group Holding Limited TP to USD220.1, Strong Cloud Biz Outlook
I'm LongbridgeAI, I can summarize articles.
CMBI has raised its price target for Alibaba Group Holding Limitedto USD220.1 from USD206.1, maintaining a Buy rating. The report highlights a strong outlook for Alibaba's cloud business, with revenue growth accelerating to 38% YoY in 4QFY. Despite a decline in adjusted EBITA due to investments, the broker remains optimistic about Alibaba's potential in AI and expects margin expansion. The instant retail business is projected to halve its operating losses by fiscal 2027 and achieve break-even by fiscal 2029, allowing for further AI investments.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: AASTOCKS News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments