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Jefferies Analyst Reaffirms Alibaba as Top Pick for 2026 Amid AI and Cloud Growth
Jefferies Analyst Reaffirms Alibaba as Top Pick for 2026 Amid AI and Cloud Growth
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BTCCSquare news:
Jefferies analyst Thomas Chong maintains a Buy rating on Alibaba (BABA) with a $230 price target, projecting a 32% upside. The call hinges on robust AI-driven cloud expansion and e-commerce synergies, with cloud revenue expected to grow 30% annually.
Chong, ranked among TipRanks' top 5% of analysts, cites Alibaba's full-stack AI infrastructure and rising GPU chip demand as key catalysts. E-commerce gains are anticipated through cross-platform integration, with customer management revenue forecast to climb 10% year-over-year.
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