Alibaba: Specific Payback Cycles and a $175 Price Target Bring AI Cloud into Focus
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Alibaba (BABA) is increasingly focusing on the expansion of AI infrastructure and cloud services, funded by the revenues from its established e-commerce business. Analyst Joyce Ju (BofA) raised the price target on September 7 to $175.00, supported by more transparent financial goals and initial margin expansions in the cloud segment. The management aims for an external cloud revenue of 100 billion RMB by 2030 with a gross margin of 20%, bolstered by massive global investments in data centers. Fundamental Orientation and Addressed Growth Markets...
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