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<Research>UBS Expects Alibaba Group(BABA.US) 2FQ Core Biz to Slightly Beat Expectations
Recommend 42 Positive 67 Negative 35 |
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UBS released a research report forecasting that BABA-W (09988.HK)'s 2FQ26 revenue will grow by 1% YoY to RMB239 billion, impacted by the deconsolidation of offline retail assets (Sun Art Retail and Intime Retail). The broker rated Alibaba Group's US stock (BABA.US) at Buy, with a target price of US$216. Overall, UBS believed that BABA-W's core businesses (Taobao, Tmall and Cloud) will slightly beat expectations, but noted that the market may not have fully accounted for recent losses in instant retail and group-level AI investments. Therefore, UBS lowered its FY2026-2028 EPS forecasts for BABA-W by 4-8%. AASTOCKS Financial News Website: www.aastocks.com |
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