--- title: "Weekly Recap | BABA-W -3.59%, consensus target 60% above spot" type: "News" locale: "en" url: "https://longbridge.com/en/news/298095184.md" description: "BABA-W (9988.HK) fell 3.59% this week to close at HK$110.1, while the Hang Seng Index rose 0.33%, leaving the stock about 3.92 percentage points behind the benchmark. It opened Monday at HK$112.2, touched a high of HK$112.7, then slid through the next two sessions to a weekly low of HK$106.5 on Wednesday before trimming losses to close at HK$110.1 on Thursday. The week’s swing was 5.53%. Against the 60-day range of HK$88.65-130." datetime: "2026-09-05T06:03:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298095184.md) - [en](https://longbridge.com/en/news/298095184.md) - [zh-HK](https://longbridge.com/zh-HK/news/298095184.md) generator: "portal-rs" --- # Weekly Recap | BABA-W -3.59%, consensus target 60% above spot ## The Week BABA-W (9988.HK) fell 3.59% this week to close at HK$110.1, while the Hang Seng Index rose 0.33%, leaving the stock about 3.92 percentage points behind the benchmark. It opened Monday at HK$112.2, touched a high of HK$112.7, then slid through the next two sessions to a weekly low of HK$106.5 on Wednesday before trimming losses to close at HK$110.1 on Thursday. The week’s swing was 5.53%. Against the 60-day range of HK$88.65-130.3, the stock sits near the middle, below its 20-day moving average of HK$118.23 and just under the 60-day average of HK$111.956. ## Key Events The main story this week was the interplay between Alibaba’s fundraising and share-price pressure. Local reports said the company expanded its equity base by placing 710 million new shares at HK$112.7, raising roughly US$10.2 billion; coverage also cited an EPS miss and a 75% drop in net income, with discussion focused on dilution. BABA-W marked fresh one-month lows on Tuesday and Wednesday, breaking below its 50-day average, and southbound funds turned net seller of more than HK$700 million on Wednesday. Tech stocks faced another round of selling on Thursday afternoon, before Friday brought a broad rebound: the Hang Seng jumped over 500 points, and Alibaba’s ADR rose more than the overall market. The week was shaped more by capital-raising and short-term positioning than by new operating news. ## Analyst Ratings Of 28 institutions covering Alibaba, 20 rate it buy, 5 overweight, 1 hold, 1 underweight and 1 no opinion, with none rating it sell. In total, 25 brokers give a buy or overweight rating. The consensus rating is strong buy, and the consensus target price of HK$176.46 sits about 60.27% above the latest close of HK$110.1. Targets range from HK$95.096 to HK$205.183, a wide spread. Within the retailer industry group of seven stocks, Alibaba ranks first by analyst rating. ## The Week Ahead Hong Kong’s unemployment rate for the prior period is due on Thursday 17 September, with the previous reading at 3.7%, followed by the composite CPI on Wednesday 23 September, where the prior figure was 1.7%. Both matter mainly as background for local risk appetite rather than as direct drivers for Alibaba. The more immediate watch point is how the market digests the newly placed shares, and whether southbound funds remain net sellers after Wednesday’s move. ## In Short The week’s tension came from two opposing forces: a still-positive analyst consensus with a target roughly 60% above spot, versus near-term dilution from the share placement that pushed the stock below both its 50-day and 20-day moving averages and left it lagging the Hang Seng by nearly four percentage points. Valuation is not extreme at about 25.9x P/E and 1.81x book, but the direction of flows after the placement still needs watching. The question ahead is whether the market can absorb the new share supply and whether broader tech risk appetite stabilises. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [BABO.US](https://longbridge.com/en/quote/BABO.US.md) - [BABU.US](https://longbridge.com/en/quote/BABU.US.md) - [BABW.US](https://longbridge.com/en/quote/BABW.US.md) ## Related News & Research - [Alibaba Deploys Cross-Platform AI Agents to Drive Global Enterprise Expansion](https://longbridge.com/en/news/298482310.md) - [Feiyang International Seals AI Tourism Pacts With DingTalk China and RedBear AI](https://longbridge.com/en/news/298625584.md) - [Is the AI bubble bursting?](https://longbridge.com/en/news/298981516.md) - [MiniMax Shareholders Approve Alibaba Cloud Deals and Capital Mandates at EGM](https://longbridge.com/en/news/299065062.md) - [F5, Inc. 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