Macquarie: Raise Alibaba-W (09988.HK) target price to 182.3 Hong Kong dollars, reiterating "outperform market" recommendation and suggesting buying on dips.

According to the Wise Finance APP, Macquarie released a research report stating that, based on SOTP valuation, it has raised the target price of Alibaba-W (09988.HK) by 3%, from 176.3 Hong Kong dollars to 182.3 Hong Kong dollars. They reiterated their "outperform" rating and recommended buying on dips. At the same time, the bank lowered its adjusted EBITA forecasts for the fiscal years ending in March 2026 and 2027 by 1% and 2%, respectively, to reflect the performance of the divisional profit margins.