Forecast Of The Day: Alibaba’s Cloud Computing Revenues
What?
Trefis expects Alibaba’s (NYSE:BABA) Cloud Computing Revenues to grow from $5.65 billion in 2020 to about $9.3 billion in 2021 and $12 billion in 2022.
Why?
- Alibaba Stock Is Down 70% From Highs, But Its AI Push Is Yielding Results
- Alibaba’s Q1 Preview: Navigating A Tough Chinese Economy
- What’s Happening With Alibaba Stock?
- Will Alibaba’s Cloud Business See A Turnaround In Q4?
- Down 40% In The Last 12 Months, Is Alibaba Stock Undervalued At $70 Per Share?
- Down 65% Since 2021, What’s Next for Alibaba Stock?
We expect the sales growth to be driven by the rising demand for cloud computing and Alibaba’s investment in its data centers.
So What?
Cloud businesses have typically been very lucrative for big-tech players such as Amazon and Google. Stronger growth of the cloud operations could help Alibaba’s profitability and stock price.
See Our Complete Analysis For Alibaba
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