[Goldman Sachs: Maintains Buy Rating for Alibaba, Target Price HK$180] According to a report by Jinse Finance, on May 22, Goldman Sachs released a research report on Alibaba-SW (09988.HK), maintaining a 'Buy' rating with a target price of HK$180. The company’s AI and cloud business layout is leading, with a clear MaaSARR target. FY2027/2028 EPS is expected to grow by 32%/54%, benefiting from accelerated cloud business and narrowing losses. The valuation has yet to fully reflect its AI potential.