Alibaba ( (BABA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Morgan Stanley has doubled down on Alibaba as a “Top Pick,” arguing the Chinese giant is building a Google-style edge in artificial intelligence by controlling the full stack from in-house chips to Alibaba Cloud and its Qwen models. Analysts expect fiscal Q3 2026 earnings around $1.63–$1.72 per share on roughly $42 billion in revenue when results land on March 19, with options pricing in a swing of about 7.3% in either direction.
Alibaba’s AI bet is under the spotlight after high-profile exits from its Qwen unit, including technical head Lin Junyang, but CEO Eddie Wu has moved quickly, creating a new foundation model task force and hiring former Google DeepMind talent. Qwen usage is surging, with app users jumping from 31 million to 203 million in a month, and investors will watch if this and 30%+ cloud growth can offset pressure on core e-commerce and justify heavy AI capex.
Despite a 7% year-to-date share price decline and lower year-on-year earnings, Wall Street remains bullish: Alibaba holds a Strong Buy consensus from nine analysts, with an average target near $198 implying roughly 45% upside. If upcoming results show that AI and cloud revenues are gaining traction while the company maintains buybacks and manages spending, earnings day could mark a turning point for the stock.