The Zhitong Finance App learned that Goldman Sachs released a research report saying that Alibaba-W (09988.HK), as a leading e-commerce and cloud technology company in China, is entering a stage of profit recovery, benefiting from the resilience of the core e-commerce business, prudent investment in instant retail business, and the continuous acceleration of artificial intelligence demand for cloud computing business expansion between enterprises and developers; the bank maintained a “buy” rating. The target price was HK$172, and raised its predicted revenue growth of 5% to 39% for the 2027-2029 fiscal year (Originally 53%, 38%, 33%).
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Goldman Sachs released a research report saying that Alibaba-W (09988.HK), as a leading e-commerce and cloud technology company in China, is entering a stage of profit recovery, benefiting from the resilience of the core e-commerce business, prudent investment in instant retail business, and the continuous acceleration of artificial intelligence demand for cloud computing business expansion between enterprises and developers; the bank maintained a “buy” rating. The target price was HK$172, and raised its predicted revenue growth of 5% to 39% for the 2027-2029 fiscal year (Originally 53%, 38%, 33%).
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