大行评级丨花旗：微升阿里巴巴H股目标价至216港元 维持“买入”评级

Group 1 - The core viewpoint of the report is that Citigroup maintains its revenue growth forecast for Alibaba's cloud business, expecting growth rates of 30%, 32%, and 25% for the fiscal years 2026 to 2028 [1] - Alibaba is positioned favorably to capture the evolution of ASI, which will help translate into sustainable revenue growth for its cloud business [1] - Following the revised forecast, Citigroup slightly raised its target price for Alibaba's H-shares from HKD 215 to HKD 216, while maintaining a "Buy" rating [1]