Alibaba Shares Surge as AI and Cloud Business Fuel Analyst Optimism

After being perceived as a sluggish giant past its prime, Alibaba is now capturing Wall Street’s attention with a remarkable resurgence. The catalyst? Breakthroughs in artificial intelligence and cloud computing that have prompted several major financial institutions to significantly raise their price targets for the Chinese tech conglomerate.

The most dramatic revision came from JPMorgan Chase, which elevated its price target from $170 to $245—a substantial 44% increase. This bullish stance stems from observed improvements in Alibaba’s cloud division performance and heightened management confidence in future investments.

This sentiment is echoed across the financial sector:
* Jefferies boosted its target from $178 to $230
* Erste Group upgraded its rating from “Hold” to “Buy”
* Bank of America set a $195 price... Read more...