bullish
[Alibaba (BABA US, BUY, TP US$116) Target Price Change]: CMR Improves on Expanded Merchant Base
358 Views11 Jul 2023 09:13
We expect BABA to report C2Q23 (F1Q24) top-line and non-IFRS net income 2% and 21.5% vs. consensus, respectively. We raise TP to US$ 116 TP, due to merchants return to Taobao/Tmall;
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Blue Lotus Research Institute
China growth and global non-US Internet equities
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