Goldman Sachs maintains Alibaba's buy rating with a target price of HKD 180

According to a research report by Goldman Sachs, Alibaba SW (09988.HK) maintains a "buy" rating with a target price of HKD 180. The company's AI and cloud business layout is leading, and it is expected that earnings per share will increase by 32% and 54% respectively in the fiscal year 2027/2028, benefiting from the acceleration of cloud business and the narrowing of losses. The research report believes that its valuation has not fully reflected the potential of AI.