Morgan Stanley: Reiterates "Overweight" rating on Alibaba-W (09988.HK), expects Alibaba Cloud business to grow over 50% in the second quarter of the next fiscal year.

Zhitong Finance APP has learned that Morgan Stanley issued a research report maintaining an "Overweight" rating on Alibaba (09988, BABA.US), with a U.S. stock target price of $180; the bank is optimistic about the acceleration of Alibaba Cloud's external revenue growth and room for margin expansion.