JPMorgan: Cuts Alibaba-W (09988.HK) target price to HK$195, maintains "Overweight" rating, lowers FY2027 and FY2028 earnings per share forecasts.

Zhito Finance APP has learned that JPMorgan issued a research report stating that it has lowered the Hong Kong stock target price of Alibaba-W (09988.HK) from HK$205 to HK$195, while maintaining an "Overweight" rating. Before the company announces its September quarter results, the bank has lowered its non-GAAP earnings per share forecasts for fiscal years 2027 and 2028 by 9% and 10%, respectively, while raising its non-GAAP EBITDA forecast for fiscal year 2027 by 8% and lowering its non-GAAP EBITDA forecast for fiscal year 2028 by 4%.