JPMorgan predicts that Alibaba's revenue will increase by 8% year-on-year in the 2025 fiscal year.
According to the Zhito Financial APP, JPMorgan published a research report stating that the Target Price for Alibaba BABA-SW (09988) has been raised by 3% from HKD 117 to HKD 120, reaffirming a "Shareholding" rating. The bank believes that profit growth is a natural byproduct of stable market share and improved commercialization, driven by cost control and various long-term upward factors.
The bank predicts that Alibaba's income will increase by 8% year-on-year in the fiscal year 2025, which is 1% higher than the general market forecast. It expects adjusted Net income to increase by 14% year-on-year, exceeding market expectations by 15%. JPMorgan estimates that Alibaba's announcement of the sale of Intime and SUNART RETAIL (06808) will result in a total revenue decline of 18% and 10% for Taotian Group (TTG) and Alibaba in the fiscal year 2026, but will improve the adjusted profits of both Taotian Group and Alibaba.
