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<Research>G Sachs Elevates BABA-W (09988.HK) TP to $156 on Results Major Beat
Recommend 45 Positive 81 Negative 21 |
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BABA-W (09988.HK)'s results for the third fiscal quarter ended December 2024 greatly beat expectations, while the management's guidance for AI-related capital expenditure presented on the earnings conference call was higher than expected, Goldman Sachs released a research report saying. Therefore, the broker elevated its target prices for BABA-W's US stock/ H-shares to US$160/ $156, from US$117/ $114 each, with rating kept at Buy. AAStocks Financial News |
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