Analysts Adjust Alibaba Price Targets (NYSE: BABA) – We Highlight The Major Moves

Alibaba share price (NYSE: BABA) has gained 10% over the past month, and as profit on earnings came in above consensus, analysts have been swift with the price target adjustments on the stock. Of those to adjust, all bar one so far remain bullish with Buy or Overweight ratings in place, but the target shifts have been downwards aswell as up. We take a look at the latest from the street.

BABA Target Raises

• Bernstein – Raise from $80 to $85. The firm keep in place a Market Perform rating, but note the positivity surrounding cloud and AI.
• JP Morgan – Raise from $100 to $108, remain Overweight.
• Baird – Raise from $85 to $88, keeps Outperform rating. Sees Alibaba making inroads on market share in China commerce, and the acceleration of public cloud and AI shows opportunity for further improvement.
• Bank of America – Raise from $103 to $106, maintaining a ‘Buy' rating.

Price Target Cuts

• Truist – Trims to $100 from $110, maintains Buy rating. Sees TTG market share stabilization, and solid operational execution, but notes FY25 an investment year for the firm.
• Citi – Lowers to $116 from $122, continues to hold a Buy rating. Noted that despite profit beat in earnings, total revenue missed. Also notes stabilization, and growth improvement at BABA.

As you can see above Bernstein, JP Morgan, Baird, and Bank of America have all come in with price target raises, with a low of $85 from Bernstein and a high of $108 from JP Morgan the range.

From an earnings perspective, Alibaba saw Cloud Intelligence Group revenue up 6% y/y in the quarter, and recently reported earnings per share at $1.05, surpassing analyst expectations by a margin of $0.13. Quarter revenue figures were equally impressive, totalling $30.73 billion.

Alibaba Group Holding Limited, beyond its status as a specialty retailer, operates through diverse business segments. These include China Commerce, International Commerce, Local Consumer Services, Cainiao for logistics, Alibaba Cloud, Digital Media and Entertainment, and the Innovation Initiatives and Others segment focused on technology infrastructure and marketing services. This diversification spreads across both China and international markets, signalling a robust business model built for global reach and innovation.

Analyst price target shifts are expected around earnings season, and despite a couple of trimmed expectations, by and large the mood on the street seems broadly bullish. The outlook for Alibaba Group is complicated by the fact the business sits in a complex and rapidly evolving tech and e-commerce landscape.