According to Morgan Stanley's research report, BABA-W (09988.HK) -4.200 (-3.423%) Short selling $1.80B; Ratio 62.850% achieved a 36% growth in 3FQ cloud business revenue, meeting the broker's expectations.Benefiting from a sixfold increase in token volume in March compared to December last year, price hikes in Alibaba Cloud, and rising adoption of generative AI, Morgan Stanley envisions the growth momentum to remain strong in the coming quarters.Related News G Sachs: Cloud and Data Centers Top Picks Among China Internet Sub-sectors; Recommends Alibaba (09988.HK) and Kingsoft Cloud (03896.HK)BABA-W's cloud business is projected to grow by 40% in 4FQ and by 45% in FY27. Management expects cloud business revenue from external customers to reach USD100 billion over the next five years, equivalent to a CAGR of over 40%.Morgan Stanley has kept an Overweight rating on Alibaba (BABA.US) and selected it as a top pick in the industry with a target price of USD180.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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