Deutsche Bank raised its price target on Alibaba Group to $195 from $185, maintaining a Buy rating. The company's market cap is $332.93 billion.
Alibaba reported Q4 revenue of RMB243 billion, up 3% YoY, or 11% excluding Sun Art and Intime disposals. The growth was driven by better monetization at Tmall and Taobao, plus cloud acceleration.
Cloud revenue growth accelerated to 40%, with AI-related revenues growing at triple digits. Management expects Model-as-a-Service to reach a RMB30 billion run rate by year-end.
Morgan Stanley, Goldman Sachs, Mizuho, and Barclays also raised their price targets on Alibaba. Separately, Nvidia faces scrutiny over alleged China sales.
