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<Research>Citi Chops BABA-W (09988.HK) TP to $195, Expects 3FQ CMR to Miss Forecast, but Cloud Biz to Be Intact
Recommend 12 Positive 19 Negative 5 |
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Citi Research issued a research report forecasting BABA-W (09988.HK)'s 3FQ26 GMV/ CMR to be below its previous estimations, and currently setting the CMR growth forecast at 2.7%, due to BABA-W's weak retail sales data in November 2025 and the prediction that its December sales may further weaken. After adjustments, the broker chopped its target prices for BABA-W's US stock/ H-shares from US$225/ $223 to US$197/ $195. Considering its solid AI+ cloud positioning, improved operational efficiency and market share gain in the instant retail sector, Citi Research kept rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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