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<Research>Citi: Alibaba Group Holding (BABA.US) Rated Buy as 2FQ Rev. Beats
Recommend 35 Positive 52 Negative 23 |
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BABA-W (09988.HK) announced its 2FQ26 results for the period ended September, with total revenue increasing by 5% YoY to RMB247.8 billion, surpassing the forecasts of Citi Research/ the market by 2.1%/ 1.1% respectively, according to a research report issued by Citi Research. Overall, the broker viewed this as a solid results, with cloud business revenue beating expectation, and e-commerce business and total EBITA also better than the market's initial concerns. Therefore, Citi Research rated BABA-W's US stock at Buy, with a target price of US$218. AASTOCKS Financial News Website: www.aastocks.com |
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