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Jefferies Slashes BABA-W (09988.HK) TP to $179, Sees MaaS as Key Growth Driver for Next 5 Yrs
2026-04-09 16:25:03
Jefferies issued a research report expecting BABA-W (09988.HK)'s cloud business to continue strong growth and accelerate in the March quarter. The broker believed that MaaS will be the key growth driver over the next 5 years, with the recent launch of Happy Horse (text-to-video) achieving success.

Therefore, Jefferies kept rating at Buy on BABA-W, and slashed its target prices for BABA-W's US stock/ H-shares from US$212/ $206 to US$185/ $179.
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