Alibaba price target raised to $142 from $131 at HSBC

HSBC analyst Charlene Liu raised the firm’s price target on Alibaba to $142 from $131 and keeps a Buy rating on the shares. CMR, International, and Cainiao are the key growth engines, the firm says in a research note on Friday. HSBC also notes that AI segment begins to contribute revenue as one waits for clarity on the regulatory framework.