Brokers' ratings and target prices for Alibaba (9988.HK) after quarterly earnings report May 14, 2024
Alibaba (9988.HK) reported its quarterly earnings (quarter ending March 2024 and fiscal year 2024) on Tuesday, May 14th.
The following table is the summary of the brokers' target prices and ratings for Alibaba after the results announcement:
| Broker | Rating | Target Price HK$ |
| Citi | Buy | 120 |
| Jefferies | Buy | 110 |
| CICC | Outperform | 109 |
| CCBI | Outperform | 107.1 |
| Goldman Sachs | Buy | 103 |
| UBS | Buy | 103 |
| CITIC Securities | Buy | 100 |
| Daiwa | Buy | 98 |
| JP Morgan | Overweight | 95 |
| Bank of America | Buy | 101 |
| UOB KH | Buy | 98 |
Source: AAStocks
The average target price from the 11 brokers is 104 HK$, practically unchanged from the old average target price before the results announcement.