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<Research>Citi Keeps BABA-W (09988.HK) Rating at Buy w/ TP $199
Recommend 19 Positive 26 Negative 15 |
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Citi Research published a research report saying that it hosted the 2026 Innovation Trailblazers Corporate Day event on 1 April, and invited BABA-W (09988.HK)’s management to attend. Key discussion topics included AI and cloud strategy, recent price hike & the cloud market landscape, drivers for cloud margin improvement, updates on instant retail, and the application of AI in e-commerce. The broker believed that, leveraging its full-stack capabilities, BABA-W holds the strongest AI competitive advantage among China’s internet sector. Although competition in food delivery and instant retail remains intense, Citi Research estimated related business losses to narrow QoQ. Therefore, the broker kept ratings at Buy for BABA-W’s US stock/ H-shares, with target prices of US$200/ $199. Auto-translated by AI AASTOCKS Financial News |
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