Goldman Sachs: Downgrades Alibaba-W (09988.HK) profit forecast for the next two years, maintains "buy" rating.

The app of Wisdom Finance and Economics learned that Goldman Sachs released a research report stating that as of the end of June this year, Alibaba-W (09988, BABA.US) exceeded expectations in its first fiscal quarter in terms of cloud business and capital expenditures, reaffirming its bullish view on AI-driven growth and maintaining a "buy" rating. Goldman Sachs revised down its net profit forecast attributable to ordinary shareholders for Alibaba's fiscal years 2026 and 2027 by 9% and 4%, respectively, and EBITA forecast by 11% and 1%. The profit and EBITA forecasts for the fiscal year 2028 were upgraded by 2%, as they believe that continued investments in e-commerce and cloud business can drive growth. The target prices for both Hong Kong and US stocks have been raised to 158 Hong Kong dollars and 163 US dollars.