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<Research>Nomura Cuts Alibaba (BABA.US) TP to USD200, Maintains Buy Rating
Recommend 19 Positive 31 Negative 17 |
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Nomura issued a research report covering Alibaba (BABA.US), of which stock witnessed selling pressure given weak quarterly performance. However, the broker believed the sell-off was unwarranted, as it was triggered solely by the weak financial report, without fully considering the company's performance improvement since this quarter and the strength of its AI initiatives. The broker revised down Alibaba's adjusted EBITA for FY26-27 by 5% and 14% to reflect weaker earnings performance last quarter and potential heightened investment in AI. The broker projected that with narrowing losses in quick commerce (QC), the company's consolidated EBITA will tick up 28% in FY27. It maintained Buy rating on Alibaba but cut the target price from USD237 to USD200. AASTOCKS Financial News Website: www.aastocks.com |
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