HTSC Raises Alibaba (BABA.US) TP to $122, Anticipating CN E-commerce to Gradually Enter Positive Growth CycleFinancial News

Huatai Securities has released a research report predicting that Alibaba Group Holding Limited (BABA.US) will lead its Taobao Tmall business into a new growth cycle with the introduction of new advertising products such as site-wide promotions, which will provide the Group with ammunition to directly invest in the domestic e-commerce business by gradually expanding merchant monetization capabilities.

Considering the long-term investment in the e-commerce business, Huatai Securities revised its non-GAAP net profit forecast for fiscal 2025-2027 to RMB156 billion/RMB173.1 billion/RMB187.2 billion and raised the target price from $119.7 to $122, setting a Buy rating.

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