Alibaba Q2 Earnings Preview: AI and Cloud Growth in Focus
Alibaba Group Holding Ltd. (BABA) is set to report its second-quarter earnings on November 25, with Wall Street anticipating $0.85 per share—a significant drop from $2.10 a year earlier. Revenue projections stand at $34.3 billion, reflecting a 4% year-over-year increase. The stock has surged 83% year-to-date, buoyed by robust e-commerce performance and expanding AI-driven cloud services.
Mizuho Securities analyst Wei Fang raised his price target to $195, citing improved commerce trends and cloud execution. 'Alibaba’s AI infrastructure investments are beginning to yield dividends,' Fang noted, though macroeconomic headwinds in China linger. The company’s diversification beyond Core retail remains a key narrative for investors.