Alibaba Price Target Raised to USD 190: Open Sesame to More Upside?
πππBarclays has just whispered the magic words "Open Sesame" and raised $Alibaba(BABA)$
Why Hold Alibaba?
Alibaba's Cloud Genie is out. Alibaba Cloud's revenue has been growing triple digits for 8 quarters. That is not smoke and mirrors. That is compounding magic.
Instant Commerce Pain?
Temporary : Analysts think that the losses are peaking.
Big Banks are Bullish : Barclays, Goldman Sachs and Morgan Stanley are all chanting "Open Sesame". When the gatekeepers of capital start chanting, it is worth listening.
Concluding Thoughts
So if you are tempted to sell, ask yourself :
"Would Alibaba leave the cave just as the Gold starts shining?" Probably not. Alibaba would tighten his grip and whisper "Hold, my precious".
Alibaba is also making serious move in AI with its Qwen2.5 Max model outperforming Meta's Llama 3.1 and Open AI's GPT-4o on benchmarks. Yet its AI revenue is still much lower than US leaders like Microsoft, suggesting more exponential growth ahead.
So Yes - Alibaba is a great value play with lots of upside potential especially if you are bullish on China's tech rebound and AI renaissance.
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- Mortimer ArthurΒ·09-12TOPStill cheap. To watch this climb has made being a bag holder for almost 3 years well worth it.1Report
- peepieΒ·09-12TOPThe bullish outlook on Alibaba is compelling1Report
- Merle TedΒ·09-12$200 by end of September.LikeReport
