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2026-03-20 11:18:16 According to Morgan Stanley's research report, BABA-W (09988.HK) 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. 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. ~ AAStocks Financial News Web Site: www.aastocks.com | |