In a report released on March 4, John Choi from Daiwa maintained a Buy rating on Alibaba (BABA – Research Report), with a price target of $170.00.
John Choi has given his Buy rating due to a combination of factors that highlight Alibaba’s strategic positioning in the AI and cloud sectors. Alibaba’s Qwen series of models and its open-source strategy are pivotal in its strong growth momentum within the public cloud space. This positions Alibaba to capitalize on the increasing demand for AI-driven solutions and infrastructure, which is a key focus area identified by Choi.
Furthermore, the company’s integration with DeepSeek’s initiatives enhances its credibility and potential for high-efficiency AI model deployment. As a major client of DeepSeek, Alibaba is poised to benefit significantly from the AI computing surge in China. These elements collectively underscore Alibaba’s potential to deliver tailored value to enterprises and customers, justifying the Buy rating from John Choi.
In another report released on February 28, Arete Research also upgraded the stock to a Buy with a $164.00 price target.
BABA’s price has also changed dramatically for the past six months – from $82.470 to $129.850, which is a 57.45% increase.