CMB International Securities analyst Saiyi He has maintained their bullish stance on BABA stock, giving a Buy rating on March 20.
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Saiyi He has given his Buy rating due to a combination of factors tied to Alibaba’s cloud and consumption recovery outlook. He sees the cloud division as a key growth engine, with revenue already surpassing RMB100bn year-to-date and management targeting over US$100bn in external cloud and AI revenue within five years, implying robust double‑digit compound growth supported by strong demand for AI and MaaS offerings.
At the same time, he expects the core e‑commerce and quick commerce segments to recover, as customer management revenue shows improving trends and consumption sentiment normalizes into the coming quarters. Despite near‑term margin pressure from investments in quick commerce, he views these spends as strategic, given management’s clear roadmap to exceed RMB1tn in GMV by FY28 and turn that business profitable by FY29, and he maintains a sum‑of‑the‑parts valuation that supports upside to the current share price.
According to TipRanks, He is a 4-star analyst with an average return of 7.5% and a 47.78% success rate. He covers the Communication Services sector, focusing on stocks such as Iqiyi, Kanzhun Ltd Sponsored, and Meta Platforms.
In another report released on March 20, Mizuho Securities also maintained a Buy rating on the stock with a $190.00 price target.