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| HSI1 | 26,389.04 | +0.60 | 306.70B |
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Summary of Latest Ratings, TPs, Views on BABA-W (09988.HK)(BABA.US)
2026-05-14 15:33:43 AASTOCKS Financial News has compiled the latest investment ratings and target prices for BABA-W (09988.HK)(BABA.US) from 10 brokers. The views are summarized below in descending order of TPs: Brokers | Ratings | TPs | Core Views CMBI | Buy | USD206.1 -> 220.1 | Strong development prospects for cloud business Citi | Buy | HKD204 -> 207 / USD205 -> 208 | AI-related cloud revenue recorded triple-digit growth for 11 consecutive quarters. MaaS ARR reached RMB8 billion. Although short-term AI technology investment drags on profit, it is a strategy to capture immense opportunities. Core businesses maintain strong cash flow. As the contribution from high-margin MaaS increases, cloud business margins are expected to improve notably. JP Morgan | Overweight | HKD195 / USD200 | Non-GAAP net profit and FCF in the latest fiscal quarter were weak, likely prompting lower forecast adjustment by market. Operational disclosure showed divergence: external cloud computing revenue growth accelerated to 40%, but adjusted EBITA losses in the "Others" segment doubled. Nomura | Buy | USD200 | Latest fiscal quarter results were dented by substantial marketing spending on Qianwen AI during the Lunar New Year period, leading to a plunge in adjusted EBITA. Quick commerce was also a major drag. Excluding the impact of accounting policy changes, TTG CMR grew 8%. If China e-commerce profit remains stable going forward, market sentiment may turn more upbeat. CLSA | Outperform | USD190 | Latest fiscal quarter results met expectations, with total revenue up 2.9%. Cloud computing is entering a phase of rapid growth, and AI has moved into commercialization. BOCI | Buy | HKD182 / USD187 | Steady and high-quality scaled commercialization is driving sustainable earnings growth in the cloud business. Goldman Sachs | Buy | HKD180 / USD186 | Cloud computing growth is accelerating and MaaS provides upside for margins. AI-related products are expected to increase their share of external cloud revenue from 30% in the latest fiscal quarter to over 50% within one year. A strong net cash balance sheet supports higher capex. Quick commerce is expected to achieve a profit turnaround in FY2027-29. HSBC Research | Buy | USD172 -> 180 | Accelerating MaaS revenue, GPU leasing and public cloud cross-selling support strong cloud growth. Rising CPU prices, revenue mix shift toward higher-margin MaaS, and deployment of self-developed T-Head chips to enhance inference efficiency will drive notable short-term improvement in cloud margins. Losses in the food delivery business are expected to continue narrowing. Morgan Stanley | Overweight | USD180 | 4FQ revenue and EBITA were in line UBS | Buy | HKD166 -> 179 / USD170 -> 184 | 4FQ results met expectations. AI-related revenue accelerated cloud computing growth. High-margin MaaS and deployment of self-developed chips are expected to support margin expansion. Although e-commerce investment and contra-revenue subsidies weighed on TTG CMR in the short term, quick commerce losses will narrow more significantly. ~ AASTOCKS Financial News Website: www.aastocks.com | |