JPMorgan Chase raised its target price for Alibaba's H shares from HK$165 to HK$240.
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最新报道：According to Bijie.com, JPMorgan Chase significantly raised its target price for Alibaba's Hong Kong shares to HK$240, citing growth in its cloud computing and e-commerce businesses as supportive of its higher valuation. Analysts Alex Yao and others stated in a report that Alibaba Cloud's revenue growth has accelerated for eight consecutive quarters, reaching 26% year-on-year in the second quarter of 2025, primarily driven by demand for generative AI in sectors such as the internet, autonomous driving, and embodied intelligence. The bank anticipates that the adoption of generative AI in China may surpass the previous Software-as-a-Service (SaaS) wave due to its broader scope for efficiency improvements and lower barriers to deployment. Over the next 12-36 months, JPMorgan Chase anticipates that generative AI will transition from tool trials to agent automation across marketing, service, coding, financial operations, and supply chain. This will lead to a steady decline in service costs and higher conversion rates and throughput across most customer-facing channels. The bank raised its target price for Alibaba's US shares from US$170 to US$245 and its target price for its Hong Kong shares from HK$165 to HK$240.
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