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<Research>BofAS Chops BABA-W (09988.HK) TP to $168 w/ Rating Buy
Recommend 9 Positive 16 Negative 8 |
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BofA Securities issued a research report chopping its target prices for BABA-W (09988.HK)'s H-shares/ US stock from $176/ US$180 to $168/ US$172, with rating at Buy, mainly reflecting changes in customer management revenue (CMR) recognition and increased AI-related investments, partly offset by narrowing losses in the quick delivery business. BofA Securities expected the average loss per order of BABA-W's quick delivery business for the fiscal quarter ended March to improve from RMB3.5 to RMB3.0. The broker forecasted its FY2027 losses to narrow to RMB45 billion from RMB87 billion in FY2026. AI-related investments remain a key focus, including the promotion of Qwen app and higher model training/ inference costs. Auto-translated by AI AASTOCKS Financial News |
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