Alibaba’s Cloud and Quick Commerce Growth Fuel Optimism, BofA Raises Price Target to $152

Alibaba Group Holding Ltd. (BABA) delivered stronger-than-expected Q1 FY26 results, with cloud revenue growth accelerating to 26% year-over-year—surpassing Wall Street forecasts. Bank of America Securities upgraded its price target to $152, citing robust AI-driven cloud demand and resilient customer management revenue (CMR). The firm's three-year RMB 380 billion investment plan signals sustained momentum in infrastructure and AI capabilities.

Quick commerce and international expansion emerged as complementary growth drivers, though the report notably lacked direct cryptocurrency or exchange implications. While Alibaba’s performance reflects broader tech sector resilience, digital asset markets remain focused on macroeconomic catalysts like Fed policy and institutional adoption trends.