ALIBABA LATEST TARGET PRICE RAISE TO $160 BY CITIGROUP
$Alibaba(BABA)$ Bullish
Despite the recent rally, the stock is trading 8.2x forward P/E ex. net cash and investment, a bargain valuation, in Jiang's view, especially considering the recovery ahead.
Jiang raised F3Q23 topline estimates to RMB 244.9B from RMB 244.6B. The analyst raised our F3Q23 adjusted EBITDA to RMB 52.5B from RMB 51.5B, reflecting better-than-expected cost control, especially on Taobao Deal and Taocaicai.
Citigroup analyst Alicia Yap maintained Alibaba with a Buy and raised the price target from $144 to $160.
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在2020年底监管重置后，我们看到政府支持私营部门的监管环境放松的早期迹象。在过去的1-2年里，阿里巴巴-SW一直是焦点，所以我们认为随着环境的缓解，它的表现可能会超过其他中国互联网股票。
高盛（Goldman Sachs）紧随其后，在连续两年多向下修正收益后，将阿里巴巴-SW股票列入2023年的定罪名单。Forsyth Barr Asia和Jefferies也在上周末上调了对阿里巴巴-SW的目标价。我们都知道，华尔街分析师没有水晶球，但他们对阿里巴巴-SW情绪的这一显著变化，可能有助于在短期内为阿里巴巴-SW股票创造一些急需的动力。
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