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Morgan Stanley Upgrades Alibaba Outlook: Sets Target Price at $180, Foresees Cloud Business Doubling in Three Years
2025-02-24 /
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Author：小编
Morgan Stanley has elevated its target price for Alibaba to $180 and upgraded its rating to "Overweight." The report highlights that Alibaba has been undervalued regarding the burgeoning demand for AI-driven cloud computing and the enduring strength of its core e-commerce business. By fiscal year 2028, it is anticipated that Alibaba's cloud business revenue will double, reaching 240 billion yuan. Over the next three years, Alibaba intends to invest over 380 billion yuan in cloud and AI hardware infrastructure, marking a new milestone for investment in this sector by a private Chinese enterprise. Technology giants are intensifying their investments in AI infrastructure, positioning it as a pivotal area of competition in the AI landscape.
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