CMBI Lowers Alibaba (BABA.US) Price Target to USD 203.7; Exceptional Growth in Cloud Business
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Source: aastocks
Revenue Growth: Alibaba's revenue for 3QFY26 increased by 1.7% YoY to RMB284.8 billion, falling 2% short of market expectations.
EBITA Decline: The company's adjusted EBITA dropped by 57% YoY to RMB23.4 billion, which was below the anticipated RMB31.4 billion.
Cloud Business Performance: Alibaba's cloud segment saw a significant revenue growth of 36%, surpassing market expectations by 2 percentage points.
Target Price Adjustment: CMBI has slightly reduced its target price for Alibaba from USD206.4 to USD203.7 while maintaining a Buy rating.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
