Goldman Sachs reiterated a Buy rating and $117 price target on Alibaba (BABA), saying that after three different Chinese AI model launches last week, on January 28, Alibaba Cloud announced the launch of its latest multi-modal vision-language model Qwen2.5-VL, which is open source, just like DeepSeek’s Janus-Pro. The firm believes increasingly agile Chinese models and significant improvement in computing cost efficiencies could drive further room for wider adoption/exploration/proliferation of AI applications and potential for further global expansion for Chinese players. Goldman added that the stock’s current market cap has already priced in the unfavorable ecommerce competition.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- DeepSeek and Alibaba (NYSE:BABA) Push AI Updates before China’s Lunar New Year
- Alibaba Repurchases Over 24M Shares of BABA Stock
- Jefferies Sees over 60% Growth Potential for Alibaba Stock
- Alibaba Files Disclosure on Share Movements Amidst Strategic Repurchases
- 3 Quantum Computing Stocks to Buy Now, According to Analysts – 1/23/2025