Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Raises BABA-W (09988.HK) TP to HKD200, Says Alibaba Cloud Value Yet to Be Fully Priced In
Recommend 33 Positive 47 Negative 18 |
||||
|
||||
|
JP Morgan upgraded its structural 12-month conviction on BABA-W (09988.HK). Alibaba disclosed that for the latest fiscal quarter ended March, external cloud revenue growth accelerated to 40%, while the ARR of MaaS grew from over RMB8 billion and was expected to reach RMB30 billion by year-end. In addition, guidance for the cloud business EBITA margin will rise from 9% to double digits over the next one to two quarters, solidifying Alibaba Cloud's position as the largest AI and cloud franchise in China. However, the market is still valuing Alibaba as a traditional e-commerce company, implying that the value of its cloud business has yet to be fully priced in. JPMorgan raised its FY2027 and FY2028 adjusted EPS forecasts for Alibaba by 4% and 3%, respectively, to reflect improved cloud margin prospects. The broker lifted the H-share TP for BABA-W (09988.HK) from HKD195 to HKD200 and hiked the US-share TP for Alibaba Group Holding Limited (BABA.US) from USD200 to USD205, maintaining an Overweight rating on both. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
