BofA analyst Joyce Ju lowered the firm’s price target on Alibaba (BABA) to $146 from $150 and keeps a Buy rating on the shares. Ahead of the company’s expected fiscal Q4 report in mid-May, the firm forecast total year-over-year revenue growth of 7.0% to RMB 237.4B, exceeding the consensus call for 6.5% growth. However, the firm lowered its FY26-27 revenue forecasts by 1%-3% to reflect higher macro uncertainty after U.S. tariff changes.
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