Jefferies Lowers PT on Alibaba Stock to $153, Maintains Buy Rating
Thomas Chong from Jefferies slightly reduced the price target on BABA, citing increased investment in food delivery and logistics. Chong remains positive about Alibaba and said that its on-demand services, including Eleme and Taobao Instant Commerce, managed over 60 million daily orders in late June. This remarkable development could help Alibaba drive user growth and engagement, Chong mentioned.
Christopher Penler / Shutterstock.com
Alibaba has lately been investing in AI, and analysts see a major upside for the company, backed by its AI investments. Recently, Alibaba Group Holding Limited (NYSE:BABA) launched a new AI model for image generation called Qwen VLo. The model builds on the earlier Qwen 2.5 vision language system and offers advanced features for generating and editing images. The latest image generation AI model supports both text-to-image and image-to-image generation.
Alibaba Group Holding Limited (NYSE:BABA) is a leading Chinese e-commerce platform. It is a diversified company with a major share in cloud services and a growing presence in Gen AI.
While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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