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<Research>HSBC Research Keeps Buy on Alibaba (BABA.US) w/ TP Cut to USD193
Recommend 18 Positive 24 Negative 3 |
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While BABA-W (09988.HK)'s cloud business growth is expected to further accelerate in 2026, its customer management revenue growth will likely slow due to a high base and macroeconomic factors, HSBC Research wrote in its report. The narrowing of losses in BABA-W's quick commerce is progressing well, and the company is committed to expanding its market share in 2026. Upbeat about BABA-W's leadership in the AI sector and robust cloud business growth prospects, HSBC Research has kept a Buy rating on the company's US shares (BABA.US) but cut its target price from USD205 to USD193. AAStocks Financial News |
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