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Alibaba Stock Rises on Analyst Optimism Over Cloud Growth
Alibaba Stock Rises on Analyst Optimism Over Cloud Growth
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BTCCSquare news:
Alibaba's U.S.-listed ADRs climbed 4% Tuesday, outpacing the broader market after Barclays analyst Jiong Shao raised his price target by 31% to $190. The bullish revision stems from Alibaba Cloud's 26% revenue growth last quarter—a segment Shao believes can maintain margins while accelerating expansion.
Despite missing Q2 earnings estimates, the tech giant showed strength in e-commerce and cloud infrastructure. Multiple analysts followed Shao's lead with target increases, signaling confidence in Alibaba's ability to monetize its digital ecosystem. The cloud unit's performance echoes trends seen in crypto-native infrastructure plays like FIL and DOT, where enterprise adoption drives valuation multiples.
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