Alibaba named a ‘Catalyst Driven Idea’ at Morgan Stanley

Morgan Stanley named Alibaba as a “Catalyst Driven Idea” ahead of the company’s fiscal Q4 report due in early May. The firm thinks key catalysts would be the company’s Customer Management Revenue, or CMR, growth in fiscal Q4 and an update on the progress of capital management, adding that it expects the company to declare an annual dividend for FY24 in May on top of the announced buyback update. Morgan Stanley has an Equal Weight rating and $85 price target on Alibaba shares.