Bank of America Securities analyst Joyce Ju reiterated a Buy rating on Alibaba (BABA – Research Report) today and set a price target of $146.00.
Joyce Ju has given her Buy rating due to a combination of factors that highlight Alibaba’s strong performance and growth potential. The company is expected to exceed revenue expectations for the March quarter, with a projected 7% year-over-year increase, driven by robust growth in its China marketplaces and cloud services. The anticipated rise in adjusted EBITA and net profit further supports the positive outlook, as Alibaba continues to capitalize on monetization strategies and demand for AI-related services.
Additionally, Alibaba’s limited exposure to US tariffs minimizes potential financial risks, while its proactive management of US-related investments and focus on local supply models provide stability. The Buy rating is reiterated based on the promising outlook for AI, potential consumer stimulus, and the stock’s attractive valuation, with a price objective of $146. This reflects confidence in Alibaba’s ability to navigate macroeconomic uncertainties and sustain its growth trajectory.
According to TipRanks, Ju is a 4-star analyst with an average return of 9.7% and a 54.17% success rate. Ju covers the Consumer Cyclical sector, focusing on stocks such as Alibaba, JD, and Trip.com Group Ltd. Sponsored ADR.
In another report released on March 31, Mizuho Securities also maintained a Buy rating on the stock with a $170.00 price target.