智通财经网·2025-10-02 03:33Core Viewpoint - Morgan Stanley has raised the target price for Alibaba-W (09988) by 45.5%, increasing it from HKD 165 to HKD 240, and also raised its US stock target price from USD 170 to USD 245, maintaining an "Overweight" rating [1] Group 1: Stock Performance - Alibaba's stock has outperformed the average of its peers over the past three months, primarily benefiting from better-than-expected cloud revenue growth in Q2 2025 [1] - The positive performance is attributed to the management's investment strategies in food delivery and fast commerce [1] Group 2: Cloud Business Outlook - After attending Alibaba's Cloud Summit in Hangzhou, Morgan Stanley has become more optimistic about Alibaba Cloud, citing future revenue growth opportunities due to external clients and synergies with domestic e-commerce [1] - The firm has adjusted its cloud revenue forecasts for fiscal years 2027 and 2028 upwards by 2% and 6%, respectively, driven by optimism regarding the adoption of GenAI and the monetization of Alibaba Cloud [1] Group 3: E-commerce Financials - Adjusted EBITDA forecasts for Alibaba's China e-commerce group for fiscal years 2027 and 2028 have been increased by 2% and 3%, respectively [1]