0952 GMT - The focus of Alibaba's fiscal 4Q results will likely be the impact of tariffs on domestic consumption trends as well as cloud demand from large enterprises and small-medium enterprise customers, according to Citi analysts in a research note. Cloud technology innovation and foundation model development will continue to progress rapidly despite intensified uncertainties surrounding tariffs, and any softening in e-commerce sales growth related to cautious consumption will likely be partially offset by continued monetization improvement, the analysts say. The analysts view Alibaba's current share price as attractive, given its limited U.S. exposure for international commerce. Citi maintains a buy rating on the stock and slightly lowers the target price to HK$165.00 from HK$166.00. Shares last traded at HK$102.50. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 05:52 ET (09:52 GMT)
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