HSBC analyst Charlene Liu raised the firm’s price target on Alibaba to $142 from $131 and keeps a Buy rating on the shares. CMR, International, and Cainiao are the key growth engines, the firm says in a research note on Friday. HSBC also notes that AI segment begins to contribute revenue as one waits for clarity on the regulatory framework.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BABA: