$Alibaba(BABA.US) A foreign institution held a summit and commented: We give Alibaba/9988.HK a buy rating, with a 12-month target price of $163/HK$158 based on FY26E SOTP. We are optimistic about Alibaba Cloud's growth potential driven by AI (not just relying on foreign chip supply) and its expanded daily application goods + service offerings (with AI-native agent potential). These factors differentiate Alibaba's equity story from other trading platforms, driving further long-term multiple re-ratings.
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