智通财经网·2025-10-02 02:34Core Viewpoint - Daiwa has raised Alibaba's target price from HKD 180 to HKD 205, an increase of 13.9%, while maintaining a "Buy" rating [1] Group 1: Financial Projections - Daiwa has revised its revenue forecasts for Alibaba for the fiscal years 2026-2028, increasing them by 0.3% to 2.9%, primarily due to a more optimistic outlook on the cloud business [1] - The target price adjustment is based on an increase in the average valuation of the Chinese e-commerce group to 11.0 times for the fiscal year 2026-2027 [1] Group 2: Cloud Business Insights - Daiwa attended the Alibaba Cloud 2025 Cloud Summit held from September 24-26 in Hangzhou, which is Alibaba Cloud's annual flagship technology event [1] - The firm has a more optimistic view on the long-term gross margin prospects for Alibaba Cloud compared to the market [1]