Alibaba urges perseverance: More advanced missiles lie in wait ahead
Alibaba Group (WKN: A117ME) continued its impressive run on Wednesday, with the stock surging over five percent in domestic trading. This surge comes as no surprise, as the company's in-house AI models, Qwen-3-Max-Preview and Qwen3-Next, have made significant advancements, driving investor confidence.
The strong bullish momentum has not gone unnoticed by analysts. Among the 49 analysts listed on Bloomberg, a staggering 47 recommend buying Alibaba's stock, while two advise holding. The average price target of experts for Alibaba's stock stands at 165.99 dollars, with Goldman Sachs leading the pack by increasing its price target from 163 to 179 dollars.
Goldman Sachs' increased valuation of Alibaba's cloud business by 19 percent to 43 dollars per share, citing the main driver as a re-evaluation of the company's cloud business. This re-evaluation seems to be well-founded, as Chinese cloud providers are making significant strides in developing their own AI chips.
The investment bank maintains a 'buy' recommendation for Alibaba's stock, suggesting that the strong bullish momentum and advancements in Alibaba's AI segment could lead to a change in the stock's price. Those who followed the buy recommendation for Alibaba can now enjoy a gain of around 16 percent. Goldman Sachs also predicts an upside potential of around ten percent for Alibaba's stock.
It's worth noting that there are no sell recommendations for Alibaba's stock among the analysts listed on Bloomberg. Alibaba Group remains a top pick among Chinese stocks, and its stock reached a new yearly high on Wednesday.
For those interested in exploring the next Chinese stocks with triple-digit potential, the "Aktien-Report 'China-Knaller 2.0'" may provide some insights. However, it's important to remember that investing always carries risks, and investors should conduct their own research or consult with a financial advisor before making any investment decisions.
