BofA analyst Joyce Ju raised the firm’s price target on Alibaba to $103 from $99 and keeps a Buy rating on the shares. Q4 results came in largely in-line with the firm’s estimates and consensus as consolidated revenue grew 7% year-over-year, driven by 4% growth in Taobao Tmall Group. The firm raised FY25-26 revenue forecasts by 0-2% and FY26 Np by 3% on a better Taobao Tmall GMV outlook.
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