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<Research>BOCI Raises Alibaba (BABA.US) TP to US$151; AI Cloud Focal Pt
Recommend 44 Positive 86 Negative 28 |
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BOCI released a research report on Alibaba (BABA.US), which benefited from accelerated CMR growth driven by both improved take rate and resumed software service fee. Its results performance in the previous quarter excelled expectations. BOCI said Alibaba's AI cloud will be the focal point, and the group's future investment in AI cloud indicated that the company is confident in maintaining its leading position in the field of AI cloud amid surging demand. The broker reiterated the group's Buy rating and raised the target price from US$103.9 to US$151, taking into account the higher growth of all AI-enabled businesses. AAStocks Financial News |
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