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<Research>CMBI Raises Alibaba (BABA.US) TP to USD220.1; Strong Cloud Biz Outlook
CMBI issued a report on BABA-W (09988.HK), which has a strong development outlook for its cloud business. In 4FQ, revenue came in at RMB243.4 billion, up 3% YoY, 1% below market ex...
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<Research>CMBI Raises Alibaba (BABA.US) TP to USD220.1; Strong Cloud Biz Outlook
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CMBI issued a report on BABA-W (09988.HK)  +1.000 (+0.794%)    Short selling $961.22M; Ratio 11.256%   , which has a strong development outlook for its cloud business. In 4FQ, revenue came in at RMB243.4 billion, up 3% YoY, 1% below market expectations but 0.4% above the broker's forecast. Adjusted EBITA for the quarter was RMB5.1 billion, down 84% YoY, in wake of investments in technology businesses, quick commerce and user experience, but 7% above the broker's forecast.

For FY26, total revenue grew 3% YoY, while adjusted EBITA declined 56% YoY. The cloud business remained a highlight, with revenue YoY growth accelerating from 36% in 3FQ to 38% in 4FQ.

Related NewsASMPT (00522.HK) Gains Over 4% on Citi Optimism
The broker stayed upbeat on Alibaba (BABA.US)      as one of the key beneficiaries of the AI theme among its coverage. Supported by strong demand, the broker expected further acceleration in cloud revenue growth, particularly with scaling of MaaS-related services, and spotted margin expansion potential. This was expected to help drive a re-rating of Alibaba.

CMBI raised its US stock TP for Alibaba (BABA.US)      to USD220.1 from USD206.1 and maintained a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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