Gary Yu, an analyst from Morgan Stanley, maintained the Buy rating on Alibaba. The associated price target remains the same with $165.00.
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Gary Yu has given his Buy rating due to a combination of factors that highlight Alibaba’s strategic positioning and technological advancements. Alibaba is making significant strides in the AI sector, as evidenced by its ambitious plans to increase its global datacenter power usage tenfold by 2032 and its ongoing investments in AI technologies. The company’s latest innovations, including the debut of the Qwen3-Max model and the upgrade of the Bailian agent platform, underscore its leadership as an AI enabler in China.
Furthermore, Alibaba’s Tongyi LLM has established itself as a global leader in the open-source model space, with impressive adoption metrics such as over 300 open-sourced models and 600 million global downloads. The debut of the Qwen3-Max model, which reportedly surpasses other leading models like GPT-5, further solidifies Alibaba’s competitive edge in AI. These developments, along with the company’s robust product pipeline, position Alibaba favorably in the market, supporting Gary Yu’s Buy recommendation.
In another report released today, Citi also reiterated a Buy rating on the stock with a $187.00 price target.