$Alibaba(BABA)$
This indicates that analysts expect the stock to perform well in the future. Secondly, the consensus recommendation score is 1.37778, which is considered bullish. This score suggests that analysts are generally optimistic about BABA's prospects.
Furthermore, BABA's revenue estimates show a positive growth trend. The mean revenue estimate for the next year is CN¥949.49B, with estimates increasing to CN¥1,038.37B and CN¥1,127.24B in the following years.
This indicates that analysts expect BABA's revenue to continue growing. Additionally, BABA's cloud revenue has been steadily increasing. For the fiscal year ending in 2023, the cloud revenue was CN¥77.2B, representing a growth rate of 3.53%.
This suggests that BABA's cloud computing segment is experiencing growth and contributing to the company's overall revenue. Lastly, BABA's stock performance has shown positive returns in the short term.
Over the past 1 month, the total return is 13.08%, and over the past 3 months, the total return is 16.61%. Although the stock has experienced some volatility in the past, these recent returns indicate positive momentum.
Overall, based on the target price estimates, consensus recommendation, revenue growth, cloud revenue, and recent stock performance, there are several bullish factors to consider about BABA. However, it's important to conduct further research and analysis before making any investment decisions.
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