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<Research>JPM Trims BABA-W's TP to HKD210 But Keeps Overweight Rating Unchanged
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JPMorgan released a research report predicting that BABA-W (09988.HK) will record short-term earnings pressure in its results for 3FQ ending December 2025.

That being said, the broker believes the faster growth in BABA-W's AI-driven cloud business will support future valuation reassessment.

Related NewsCICC Expects BABA-W (09988.HK) Rev. CAGR to Exceed 30% Over Next 3 Yrs, Keeps Rating at Outperform
JPMorgan has lowered its target price for BABA-W from HKD225 to HKD210 but maintained the Overweight rating unchanged.
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