Macquarie lowered the firm’s price target on Alibaba (BABA) to $218.80 from $234.70 and keeps an Outperform rating on the shares. Alibaba’s fiscal Q2 results came in largely within expectations, but near-term profitability remains compressed given ongoing investments in quick commerce, notes the analyst, who lowered the firm’s adjusted EBITA estimates for this fiscal year and next by 3% each to reflect the segment margin outlook. The firm believes Alibaba is “further evolving into a full-stack AI service provider” with its cutting-edge Qwen family foundational model, the analyst added.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Singapore Ditches “Dismal” Meta to Power its National AI Program
- Midday Fly By: Alphabet continues ascent, fueled by AI optimism
- 3 Best Stocks to Buy Now, 11/25/2025, According to Top Analysts
- eBay Stock Rises despite French Probe into Sale of Illegal Products
- Morning Movers: Kohl’s skyrockets after Q3 results and outlook raise