Reported 1 day ago
Alibaba Group Holding Limited (NYSE:BABA) has received a reaffirmed Buy rating from Benchmark analyst Fawne Jiang, who raised the price target to $195.00. Although Alibaba missed fiscal Q1 2026 consensus expectations due to asset divestitures and increased investment in Quick Commerce impacting margins, the company's cloud and e-commerce sectors are showing signs of improvement. The cloud segment reported a 26% year-over-year growth, emphasizing Alibaba's position as a leading GenAI and cloud provider, while the potential of Quick Commerce could boost long-term growth and market share.
Source: YAHOO