--- title: "市场观点：阿里巴巴的再投资策略推动增长" description: "阿里巴巴第四季度利润下降了 86%，主要是由于股权投资估值变化所致。分析师预计公司的战略再投资和不断提升国内电商市场份额将推动增长。股东回报政策也被预计将提供下行保护" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/204154968.md" published_at: "2024-05-15T11:23:13.000Z" --- # 市场观点：阿里巴巴的再投资策略推动增长 > 阿里巴巴第四季度利润下降了 86%，主要是由于股权投资估值变化所致。分析师预计公司的战略再投资和不断提升国内电商市场份额将推动增长。股东回报政策也被预计将提供下行保护 中国阿里巴巴集团（9988.HK）周二报告称，第四季度利润暴跌 86%，主要是由于股权投资估值变化所致。 覆盖其在美国上市股票（BABA.N）的 47 家经纪公司的中位目标价为 107 美元 - LSEG 数据。 ### 政策可能提供下行保护 花旗集团（“买入”，目标价：122 美元）认为初步进展积极，增长加快主要由公司战略再投资和估值推动。 Benchmark（“买入”，目标价：118 美元）表示，阿里巴巴在 2025 财年下半年有望出现潜在的扭转，并伴随着宏观背景的稳定。 摩根大通（“增持”，目标价：100 美元）表示，提升国内电商市场份额应最终导致更好的货币化。 高盛（“买入”）预计重要的股东回报政策可能提供下行保护。 Zephirin Group（“卖出”）认为阿里巴巴正在展现紧迫感，即将推出新的货币化工具和人工智能驱动战略，以在 2025 财年增长收入。 ### Related Stocks - [09988.HK - 阿里巴巴-W](https://longbridge.com/zh-CN/quote/09988.HK.md) - [BABA.US - 阿里巴巴](https://longbridge.com/zh-CN/quote/BABA.US.md) - [89988.HK - 阿里巴巴-WR](https://longbridge.com/zh-CN/quote/89988.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | PNC Financial Services Group Inc. Acquires 3,223 Shares of Alibaba Group Holding Limited $BABA | PNC Financial Services Group Inc. increased its stake in Alibaba Group Holding Limited by 7.1% in Q3, acquiring an addit | [Link](https://longbridge.com/zh-CN/news/276318339.md) | | Alibaba unveils new Qwen3.5 model for 'agentic AI era' | Alibaba has launched its new AI model, Qwen 3.5, which is designed for independent task execution and boasts significant | [Link](https://longbridge.com/zh-CN/news/276045126.md) | | Alibaba Stock Forecast Ahead of Q3 Earnings – Here's What to Expect | E-commerce giant Alibaba (BABA) is set to report fiscal Q3 2026 results soon, with analysts expecting earnings of $1.68 | [Link](https://longbridge.com/zh-CN/news/276325421.md) | | Alibaba (BABA) Upgrades Qwen AI Model as China's Tech Giants Battle for Users | Alibaba has upgraded its AI model to Qwen3.5, enhancing its capabilities in text, image, and video processing. This move | [Link](https://longbridge.com/zh-CN/news/276055492.md) | | U.S. withdraws Chinese military backed companies list-Federal Register | WASHINGTON, Feb 13 (Reuters) - The Trump administration on Friday withdrew an updated version of its list of Chinese mil | [Link](https://longbridge.com/zh-CN/news/275920026.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。