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<Research>JPM Trims BABA-W's TP to HKD210 But Keeps Overweight Rating Unchanged
Recommend 33 Positive 58 Negative 20 |
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JPMorgan released a research report predicting that BABA-W (09988.HK) will record short-term earnings pressure in its results for 3FQ ending December 2025. That being said, the broker believes the faster growth in BABA-W's AI-driven cloud business will support future valuation reassessment. JPMorgan has lowered its target price for BABA-W from HKD225 to HKD210 but maintained the Overweight rating unchanged. AAStocks Financial News |
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