Alibaba: Performance Exceeds Estimates Price Target Raised to $157.7
和讯网2025-02-24
[On February 24th, CMB International published a research report saying that Alibaba performed well] CMB International pointed out that as of the third fiscal quarter ended at the end of December last year, Alibaba's total revenue increased by 7.6% year-on-year, 1% higher than market expectations. Quarterly adjusted EBITA and Non-GAAP net income increased by 3.8% and 6.5%, respectively, year-on-year, 2% and 11% higher than market expectations, respectively, primarily driven by Taotian Group and Cloud Intelligence Group. During the period, the revenue of cloud business grew steadily, and the profit growth prospects of e-commerce business improved. CMB International on Ali's FY2026...
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