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<Research>M Stanley Reiterates Rating at Overweight on Alibaba Group (BABA.US), Forecasts 32% Growth in Cloud Rev. in 2FQ
Recommend 17 Positive 36 Negative 11 |
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Morgan Stanley released a research report predicting that BABA-W (09988.HK)(BABA.US) will see its cloud business revenue grow by 32% YoY in 2FQ26 ended September 2025. Its EBITA profit margin for the cloud business is expected to remain between 8% and 9%, further strengthening its position as 'China's Best AI Enabler', which outweighs short-term profit pressures from investments in instant retail and losses from other businesses. The broker reiterated rating at Overweight on BABA-W's ADR. Morgan Stanley currently forecasted BABA-W's 2FQ26 overall adjusted EBITA to decline by 85% YoY to RMB6 billion, including approx. RMB37 billion in losses from investments in instant retail and adjusted EBITA losses of about RMB5 billion from other businesses. Therefore, the broker's target price for BABA-W's US stock is US$200. AASTOCKS Financial News Website: www.aastocks.com |
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