Alibaba Group Holding Limited (NYSE:BABA) is one of the AI Stocks Every Investor Should Watch. On September 24, Citi analyst Alicia Yap raised the price target on the stock to $217.00 (from $187.00) while maintaining a Buy rating. The rating affirmation comes after Alibaba Cloud hosted its annual event Apsara Conference.
Citi’s call follows higher cloud revenue and capex assumptions supported by strong interest at the Apsara Conference and Alibaba’s intentions to increase its data center capacity in response to accelerating AI demand.
The firm deems the company to be one of the “5-6 global super cloud platforms with full-stack AI services.” Moreover, it believes that Alibaba is well-positioned for sustainable cloud revenue growth.
Alibaba Group Holding Limited (NYSE:BABA) is an internet giant that offers e-commerce services in China and internationally.
While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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