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On May 14, analysts from HSBC Holdings projected in a research report that Alibaba’s cloud business will experience a notable surge in profitability over the upcoming two quarters. They attribute this anticipated growth to Alibaba’s deployment of self-developed chips and its strategic shift towards business segments that offer higher profit margins, both of which are expected to bolster the profit margins of Alibaba Cloud.
Drawing on these insights, HSBC has revised its EBITA forecast for Alibaba’s cloud business upward by 40% to 50% for the fiscal years 2027 to 2028. The bank also indicated that this adjustment could potentially elevate market valuation expectations for Alibaba Cloud. Furthermore, HSBC has reaffirmed its 'Buy' recommendation for Alibaba, with the target price for its American Depositary Receipts (ADRs) increased from $172 to $180.
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