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Morgan Stanley Boosts Alibaba's US Stock Price Target by 10%
3 week ago /
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Author：小编
Morgan Stanley has increased its target price for Alibaba's US stock by 10%, setting it at $165. The financial institution anticipates a surge in Alibaba Cloud's growth rate over the upcoming quarters, primarily fueled by the rising demand for artificial intelligence, the enhancement of Tongyi Qianwen products, and strategic collaborations. Projections indicate that Alibaba Cloud could achieve a 30% growth rate in the second fiscal quarter, while maintaining high single-digit profit margins.
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