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<Research>G Sachs Lowers 2026/ 2027 Earnings Forecasts for BABA-W (09988.HK), Keeps Rating at Buy
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BABA-W (09988.HK)(BABA.HK)'s cloud business and capital expenditures for the first fiscal quarter ended June 2025 beat expectations, Goldman Sachs released a research report saying. The broker reiterated its positive outlook on AI-driven growth, and kept rating at Buy. Goldman Sachs expected BABA-W's market share in food delivery and instant retail to eventually stabilize at 40%, with its peers MEITUAN-W (03690.HK) and JD-SW (09618.HK)(JD.US) occupying the remaining 50% and 10% shares, respectively. Goldman Sachs lowered its FY2026-2027 adjusted net profit attributable to ordinary shareholders forecasts by 9%/ 4% each, and reduced the Group's EBITA forecasts by 11%/ 1%. However, the broker raised its FY2028 earnings and EBITA forecasts by 2%, reflecting optimism that continued investments in e-commerce and cloud businesses will drive growth. Goldman Sachs lifted its target prices for BABA-W's H-shares/ US stock to $158/ US$163. AASTOCKS Financial News Website: www.aastocks.com |
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