--- title: "市場觀點：阿里巴巴的再投資策略推動增長" description: "阿里巴巴第四季度利潤下降了 86%，主要是由於股權投資估值變化所致。分析師預計公司的戰略再投資和不斷提升國內電商市場份額將推動增長。股東回報政策也被預計將提供下行保護" type: "news" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/204154968.md" published_at: "2024-05-15T11:23:13.000Z" --- # 市場觀點：阿里巴巴的再投資策略推動增長 > 阿里巴巴第四季度利潤下降了 86%，主要是由於股權投資估值變化所致。分析師預計公司的戰略再投資和不斷提升國內電商市場份額將推動增長。股東回報政策也被預計將提供下行保護 中國阿里巴巴集團（9988.HK）週二報告稱，第四季度利潤暴跌 86%，主要是由於股權投資估值變化所致。 覆蓋其在美國上市股票（BABA.N）的 47 家經紀公司的中位目標價為 107 美元 - LSEG 數據。 ### 政策可能提供下行保護 花旗集團（“買入”，目標價：122 美元）認為初步進展積極，增長加快主要由公司戰略再投資和估值推動。 Benchmark（“買入”，目標價：118 美元）表示，阿里巴巴在 2025 財年下半年有望出現潛在的扭轉，並伴隨着宏觀背景的穩定。 摩根大通（“增持”，目標價：100 美元）表示，提升國內電商市場份額應最終導致更好的貨幣化。 高盛（“買入”）預計重要的股東回報政策可能提供下行保護。 Zephirin Group（“賣出”）認為阿里巴巴正在展現緊迫感，即將推出新的貨幣化工具和人工智能驅動戰略，以在 2025 財年增長收入。 ### Related Stocks - [09988.HK - 阿里巴巴-W](https://longbridge.com/zh-HK/quote/09988.HK.md) - [BABA.US - 阿里巴巴](https://longbridge.com/zh-HK/quote/BABA.US.md) - [89988.HK - 阿里巴巴-WR](https://longbridge.com/zh-HK/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-HK/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-HK/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-HK/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-HK/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-HK/news/275920026.md) | --- > **免責聲明**：本文內容僅供參考，不構成任何投資建議。