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<Research>CMBI Slightly Cuts Alibaba TP to USD157; Core E-commerce Biz Expected to Keep Thriving
Recommend 31 Positive 45 Negative 19 |
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CMB International released a research report, covering BABA-W (09988.HK)(BABA.US), which was predicted to deliver in-line 4QFY25 (ending March 2025) revenue growth and adjusted EBITA. In its core domestic e-commerce business, steady GMV growth was anticipated to sustain robust CMR (customer management revenue) growth, with the Taobao and Tmall (T&T) Group achieving positive profitability growth. Fueled by stable public cloud revenue growth and an increasing contribution from AI cloud, the cloud business’s revenue growth was expected to accelerate further YoY. The broker believed Alibaba is one of the key beneficiaries of the AI era and could benefit from potential consumption stimulus policies. It slightly cut the target price for Alibaba’s U.S. shares from USD157.7 to USD157, maintaining a Buy rating. AAStocks Financial News |
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