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Alibaba Stock (BABA) Rated ’Outperform’ by AI Analyst Ahead of Q1 Earnings
Alibaba Stock (BABA) Rated ’Outperform’ by AI Analyst Ahead of Q1 Earnings
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BTCCSquare news:
Alibaba Group Holding Ltd. (BABA) is poised to report its fiscal first-quarter earnings on August 29, with TipRanks' AI-driven stock analysis tool assigning an 'Outperform' rating and a $139 price target—implying a 16.3% upside. The algorithm highlights the Chinese e-commerce giant's competitive edge in cloud computing and online retail, citing expanding infrastructure and rising demand for AI services as key growth drivers.
Cloud revenue acceleration remains a focal point following the recent launch of BABA Cloud's second South Korean data center. The automated analysis scores the stock 80 out of 100, balancing bullish metrics against sector risks without human analyst bias.
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