Alibaba (BABA) is set to release its fourth quarter of Fiscal 2025 earnings next week on May 15. The analysts currently forecast earnings of $1.73 per share, up 24% from the year-ago quarter. Meanwhile, revenue is expected to rise 6% year-over-year to $32.85 billion. Ahead of the earnings report, technical indicators suggest that Alibaba stock is a Buy on a weekly timeframe, hinting at more upside to come.
But it’s not just the technical charts backing the bullish case. Wall Street analysts are also optimistic about the stock, pointing to Alibaba’s recent momentum in the U.S. market and its investments in AI. Notably, its B2B platform, Alibaba.com, recently topped the iOS App Store’s shopping list, showing rising interest from U.S. businesses. At the same time, Alibaba is fully embracing AI and cloud technology. Led by CEO Eddie Wu, the company plans to invest over $50 billion in AI infrastructure over the next three years.
Analyzing BABA Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, Alibaba stock is currently on an upward trend. The stock’s 50-day Exponential Moving Average (EMA) is 102.10, while its price is $126.57, implying a bullish signal. Further, its shorter-duration EMA (20 days) also signals a Buy.
Moreover, the Rate of Change (ROC) is a momentum-based technical indicator. It measures the percentage change in a stock’s price between the current price and the price from a specific number of periods ago. Typically, a ROC above zero confirms an uptrend. Alibaba stock currently has an ROC of 31.80, which signals a Buy.
Is BABA Stock a Good Buy Now?
Alibaba stock has surged nearly 50% so far this year, which is impressive, particularly given the ongoing tariff tensions between the U.S. and China. On TipRanks, BABA stock has a Strong Buy consensus rating based on 16 unanimous Buys assigned in the last three months. The average BABA stock price target of $167.13 suggests an upside potential of 32.05% from its current price.
