Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Elevates BABA-W (09988.HK) TP to $158 as Cloud Biz Rev. Growth Beats
Recommend 56 Positive 87 Negative 39 |
||||
|
||||
|
The positive market reaction to Alibaba Group Holding (BABA.US)(09988.HK)'s results is primarily due to the faster-than-expected cloud business revenue growth and record-high quarterly capital expenditure despite foreign chip restrictions, Goldman Sachs issued a research report saying. These factors are believed to have reignited market expectations for the compound growth potential of the cloud business. The broker adjusted its adjusted net profit forecast for Alibaba Group Holding over the next three fiscal years from -9% to +2%, based on the widening instant retail loss, partially offset by a faster recovery in international e-commerce business. Therefore, Goldman Sachs elevated its target price for Alibaba from $142 to $158, with rating at Buy, based on SOTP. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
