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<Research>Nomura Raises Alibaba (BABA.US) TP to USD207, Maintains Buy Rating
Recommend 26 Positive 32 Negative 11 |
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The latest quarterly results of BABA-W (09988.HK) showed the group is shifting from its e-commerce business toward AI and cloud, Nomura said in a research report. Although revenue growth of its core China e-commerce business has slowed, it continues to generate stable and considerable cash flow to support investments in AI. Alibaba Cloud has become a new growth engine, with margins anticipated to improve steadily. Based on upward revisions to its margin forecasts for Alibaba Cloud, Nomura raised its adjusted EBITA forecasts for Alibaba for FY2027 and FY2028 by 3% and 1%, respectively. The broker maintained its Buy rating on Alibaba (BABA.US) shares in the US market and lifted the TP from USD200 to USD207. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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