Bullish
Jefferies raises Alibaba's price target to $192, citing strong cloud growth.
Jefferies Financial Group has increased its price target for Alibaba Group Holding Ltd. (NYSE: BABA) from $190 to $192, maintaining a 'Buy' rating. This adjustment reflects confidence in Alibaba's accelerating cloud revenue growth, which is expected to exceed 50% year-over-year in fiscal year 2028. The firm's positive outlook is based on Alibaba's solid execution across all segments, particularly in AI Cloud and Compute Services.
Key points
- Analyst Upgrade (Bullish): Jefferies raises Alibaba's price target to $192, maintaining a 'Buy' rating.
- Cloud Growth (Bullish): Alibaba's AI Cloud and Compute Services revenue grew 45% in the June quarter, with annualized AI-related product revenue reaching $7.30 billion.
- Profitability Concerns (Bearish): Heavy capital expenditures for AI and cloud infrastructure are pressuring Alibaba's profit margins.
- Market Performance (Neutral): Alibaba's stock closed at $105.70 on October 8, 2026, down 1.21% from the previous day.
Sources
- Jefferies raises Alibaba stock price target to $192 on cloud growthInvesting.com · October 8, 2026
- Jefferies raises target for Alibaba Group stock to USD 192.00AD HOC NEWS · October 8, 2026
- Alibaba Plunges 16.2% in 6 Months: 3 Key Reasons to Hold the StockZacks.com · October 8, 2026
- Why Alibaba (BABA) Dipped More Than Broader Market TodayZacks.com · October 8, 2026
AI-generated from public news sources. Not financial advice.
