Search
Morgan Stanley has revised its target price for Alibaba downward to $150, from the previous $180. The investment bank cites the company's substantial investments in food delivery and flash purchase businesses as a factor likely to weigh on short-term profits. These investments, which amounted to RMB 10 billion in the first fiscal quarter, are projected to surge to RMB 20 billion in the second fiscal quarter. Despite the pressure on near-term earnings, Morgan Stanley retains a positive outlook on Alibaba's potential in AI and continues to favor its e-commerce business. Additionally, the firm anticipates accelerated revenue growth for Alibaba Cloud, with total revenue rising by 2% year-on-year, albeit accompanied by a 16% decline in adjusted EBITA.
-
C114 Communication Network -
Communication Home
