HSBC Global Research cut its target price for Alibaba Group Holding to HK$166 from HK$172 while maintaining a buy rating.
According to Jin10, the bank lowered its earnings forecasts for Alibaba to reflect continued higher AI investment, and it reduced its U.S.-listed shares target price to $170 from $176.
HSBC cut its forecast for Alibaba’s fiscal 2027 adjusted net profit by 3.7% to 99.404 billion yuan.
For the first fiscal quarter ending in late June this year, HSBC expected revenue to rise 8% year on year to 267.934 billion yuan, while adjusted net profit was expected to fall 41% to 20.877 billion yuan.
HSBC also said that if profitability in Alibaba’s China e-commerce business bottomed out in the first fiscal quarter, the stock price could be further re-rated on valuation.
STOCKS | HSBC Cuts Alibaba Target Price to HK$166, Keeps Buy Rating
2026-07-09 02:44:47
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