US Tiger upgraded Alibaba (BABA) to Buy from Hold with a price target of $175, down from $180. The company’s December quarter missed expectations on weaker than anticipated consumption trends and continued softness in transaction activity, the analyst tells investors in a research note. The firm says Alibaba laid out a plan to surpass $100B in AI plus cloud external revenue within five years, implying 40% annual growth. US Tiger believes the stock’s valuation is turning attractive given Alibaba’s strengthening AI momentum.
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