Susquehanna raised the firm’s price target on Alibaba (BABA) to $185 from $170 and keeps a Positive rating on the shares. The firm said the company posted a mixed F4Q where it saw a significant decrease in profitability as the company continues to invest heavily into its long-term growth initiatives. Management sees significant opportunity ahead, as exemplified by Cloud growth continuing to accelerate and AI growth remaining in the triple digits.
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