Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Lifts BABA-W's TP to HKD240, Positive on Cloud & E-commerce Synergy Growth
Recommend 7 Positive 9 Negative 5 |
||||
|
||||
|
BABA-W's (09988.HK) (BABA.US) stock price has outpaced the industry average by 364 ppts over the past three months, JPMorgan wrote in its research report. JPMorgan attributed BABA-W's outperformance to its management's confidence in investment strategies for food delivery and flash sales businesses, as well as better-than-expected cloud revenue growth in 2H25. The broker also held a more positive outlook on the future revenue growth opportunities from the synergy between Alibaba Cloud's external customer revenue and domestic e-commerce business after attending BABA-W's Apsara Conference held in Hangzhou last week. In JPMorgan's estimate, the market may provide higher valuations for the cloud business and China's e-commerce business, shifting their positions from losers of market share in China's e-commerce to leading assets in China's internet sector. The target prices for BABA-W (09988.HK) were raised from HKD165 to HKD240 and for Alibaba (BABA.US) from USD170 to USD245, with an Overweight rating. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
