Market News / Story
Citi, Morgan Stanley Put Alibaba Back in Focus
GuruFocus ·
GuruFocus reports: Alibaba is heading into its fiscal second-quarter earnings report with two major Wall Street firms growing more confident that accelerating cloud demand can help offset weakness in its core e-commerce business. Citi maintained its Buy rating and raised its Alibaba price target to $193 from $190 , while Morgan Stanley reiterated an Overweight rating and kept the stock as a Top Pick. Morgan Stanley also increased its adjusted EBITA estimates for fiscal 2027 and 2028 by 7%…