Alibaba ( (BABA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Alibaba, the Chinese e-commerce behemoth, is set to announce its Q2 FY26 earnings on November 25, with Wall Street analysts expressing growing optimism. Mizuho analyst Wei Fang has raised his price target for Alibaba to $195, suggesting a 27% upside, as he observes improvements in the company’s core business and cloud services. Fang notes that order activity and customer spending are on the rise, driven by increased engagement in food delivery and in-store services, indicating Alibaba’s gradual recovery in China’s online retail market. The cloud unit is also seeing increased demand, particularly related to AI use cases, which could bolster future growth.
Despite challenges such as competition and rising costs, analysts remain bullish on Alibaba’s stock, which has surged over 90% year-to-date. The company continues to benefit from the growing demand for AI and cloud services, with its Q1 FY26 results showing strong momentum. However, investors will be keen to see if growth in these areas can offset the pressures faced by its core e-commerce business. Analysts expect Alibaba to report Q2 earnings of $0.85 per share, with revenues projected at $34.29 billion, marking a year-over-year increase of over 4%.