Credit Suisse lowers Alibaba's target price to 179 yuan, expects MaaS to be a key growth driver in the next five years

AASTOCKS
2026.04.09 08:25

Credit Suisse released a research report, expecting Alibaba (09988.HK) to continue strong growth in its cloud business, accelerating in the March quarter. The firm believes that Model as a Service (MaaS) will be a key growth driver over the next five years, with the recently launched "Happy Horse" (text-to-video) achieving success.

Additionally, in the area of Quick Commerce (QC), losses continued to improve in the March quarter, with expectations that losses for the fiscal year 2027 will be halved compared to fiscal year 2026; however, losses in other businesses are predicted to increase. The rating on Alibaba is maintained as "Buy," with the target price for Alibaba (BABA.US) in U.S. stocks lowered from $212 to $185, and the target price for Hong Kong stocks reduced from HKD 206 to HKD 179

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