UBS Foresees BABA 1FQ Revenue to Grow 6% YoY, Moving in Right Direction
UBS forecasts BABA's revenue for 1Q FY2025 to grow 6% YoY to RMB248 billion, while adjusted EBITA is expected to fall 14% YoY to RMB39.3 billion.
UBS notes that BABA's business development is progressing well, with improving GMV growth.
The broker maintains a Buy rating and a target price of $103 on BABA's H-shares.
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