Investment analysts say Alibaba shares are trading at a 'meaningful discount' to its sum-of-all-parts valuation.
Shares of Alibaba soared after the company announced a significant overhaul to split into six business groups . This move has attracted positive sentiment from major Wall Street banks, with Morgan Stanley saying that this restructuring could lead to a 100% upside in Alibaba's share price.
mountain Analysts at the Wall Street bank said the stock's nine times 2024 price-to-earnings valuation means the market has assigned zero value to the group's non-core e-commerce businesses. Nearly all of the valuation comes out of Alibaba's massive e-commerce and retail operations, according to Morgan Stanley. Morgan Stanley analysts led by Gary Yu wrote in a note to clients on Mar. 28. that they could "see potential for more than 2x upside to our bull case of US$200 per share.
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