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Guosen Securities Affirms Alibaba's 'Outperform' Rating with Target Price Range of HK$120-127
2025-01-14
In a recently published research report, Guosen Securities has reiterated its 'Outperform' rating for Alibaba, setting a target price range of HK$120-127. The report highlights that following a restructuring, Alibaba has intensified its investments in key areas like e-commerce and cloud computing. Concurrently, the company has optimized its resource allocation by reducing costs, enhancing operational efficiency, and divesting non-core businesses. Consequently, Guosen Securities has made modest adjustments to its revenue and adjusted net profit projections for Alibaba, spanning fiscal years 2025 to 2027.
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