Goldman Sachs: Maintains Alibaba's buy rating with a target price of 180 Hong Kong dollars.

Goldman Sachs released a research report on Alibaba Group-SW, maintaining a "buy" rating with a target price of 180 Hong Kong dollars. The company's AI and cloud business layout is leading, with clear MaaSARR goals. It is expected that EPS will increase by 32% and 54% in FY2027/2028 respectively, benefiting from accelerated cloud business growth and narrowing losses. The valuation has not fully reflected its AI potential.