
Alibaba Group (NYSE:BABA) Shares Up 1.9% - Time to Buy?

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Alibaba Group (NYSE:BABA) shares rose 1.9% during trading, reaching $127.70. The stock's trading volume decreased by 18% compared to the average. Positive sentiment surrounds the company due to the launch of a large AI data center and the release of a leading AI video model. However, analysts have mixed views, with some downgrading ratings and price targets due to concerns over AI spending and slowing e-commerce momentum. The consensus rating for Alibaba is "Moderate Buy" with a price target of $187.89.
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