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<Research>Jefferies Adds BABA-W (09988.HK) TP to $224, Keeps Rating at Buy
Recommend 20 Positive 38 Negative 16 |
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BABA-W (09988.HK) reported solid performance across various business segments last quarter, Jefferies published a research report saying. Of which, it is expected that the 'instant e-commerce' losses will significantly narrow QoQ in this quarter, beating market consensus. In terms of cloud business, despite supply chain fluctuations, it is anticipated to maintain a high growth trend due to strong AI demand. Moderation of customer management revenue (CMR) is predicted due to base effects. Therefore, Jefferies added its target prices for BABA-W's US stock/ H-shares from US$230/ $223 to US$231/ $224, with ratings kept at Buy, reflecting business updates. AASTOCKS Financial News Website: www.aastocks.com |
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