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Huachuang Securities Remains a Buy on Alibaba Group Holding Ltd. (9988)

Tipranks - Tipranks - Mon Apr 13, 12:42AM CDT

In a report released yesterday, from Huachuang Securities maintained a Buy rating on Alibaba Group Holding Ltd., with a price target of HK$194.03.

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In addition to Huachuang Securities, Alibaba Group Holding Ltd. also received a Buy from Jefferies’s Thomas Chong in a report issued on April 9. However, on April 2, TipRanks – DeepSeek downgraded Alibaba Group Holding Ltd. (HKEX: 9988) to a Hold.

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Based on Alibaba Group Holding Ltd.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of HK$247.8 billion and a net profit of HK$21.02 billion. In comparison, last year the company earned a revenue of HK$236.5 billion and had a net profit of HK$44.03 billion

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