Morgan Stanley believes that Ali's share price will rise within 60 days
$Morgan Stanley(MS.US$ believes that the current regulatory environment is loose, Alibaba's performance is expected to be better than that of other Chinese Internet stocks, and its forecast P/E ratio next year is 11 times, except for the cash P/E ratio of 9 times, which makes the valuation very attractive.
The bank said that the rise of Alibaba's share price was mainly due to the turnaround of the Group's customer management revenue (CMR) against the backdrop of China's consumer recovery, and the re acceleration of cloud revenue driven by the non Internet industry, which promoted high-quality growth in profitability. The latest forecast of its adjusted compound annual growth rate of EBITA from 2023 to 2026 was 18%.
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whqqq : I like this news. It sounds like a great year.