Barclays raised the firm’s price target on Alibaba (BABA) to $195 from $190 and keeps an Overweight rating on the shares. The company’s Q3 results better than expected with AIiCloud revenue growth accelerating for the eighth consecutive quarter to 34% year-over-year, the analyst tells investors in a research note.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Alibaba Group’s Strategic Investments Impact Earnings
- Alibaba price target lowered to $218.80 from $234.70 at Macquarie
- 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