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<Research>CCBI Elevates BABA-W (09988.HK) TP to $161.7, Rating Outperform
Recommend 21 Positive 41 Negative 13 |
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CCBI released a research report rating Alibaba Group Holding (BABA.US) at Outperform, and elevating its target price from US$149.8 to US$165.8. The broker also rated BABA-W (09988.HK) at Outperform, and raised its target price from $146.1 to $161.7. BABA-W's 1FQ26 results slightly beat expectations, the report said. Management was optimistic about accelerating cloud business, maintaining around 10% growth in core e-commerce revenue for the year, halving economic losses in the instant retail unit within 6 months, and contributing a RMB1 trillion GMV in 3 years, etc.. AASTOCKS Financial News Website: www.aastocks.com |
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