Susquehanna raised the firm’s price target on Alibaba (BABA) to $190 from $175 and keeps a Positive rating on the shares. The firm said while the company’s Q1 results were more mixed overall, AI and Cloud revenue growth continued to accelerate, driven by faster public cloud adoption and strong demand for AI-related products, and the company remains optimistic on the longer-term AI opportunity and reiterated plans to invest accordingly.
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