Goldman Sachs: raises target price for Alibaba-W (09988.HK) to 174 Hong Kong dollars.

Zhitong Finance APP learned that Goldman Sachs released a research report stating that, based on the higher assumption of a 30-32% year-on-year growth in cloud business for Alibaba-W (09988.HK) in the second to fourth quarters of the 2026 fiscal year, the bank raised the valuation of Alibaba Cloud to approximately $43 per ADS. At the same time, the target price of Alibaba was raised by 10%, from HK$158 to HK$174.