Alibaba Group (NYSE:BABA) Trading 3% Higher - Still a Buy?

Market Beat
2026.04.24 21:47
portai
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Alibaba Group (NYSE:BABA) traded up 3% to $135.69, with 9.2 million shares exchanged. Positive developments include partnerships for AI integrations and potential investments in AI startups, enhancing monetization prospects. However, Zacks downgraded the stock to "strong sell," raising concerns about regulatory scrutiny. Analysts have mixed ratings, with a consensus of "Moderate Buy" and a price target of $187.68. The company reported $0.13 EPS last quarter, with expectations of 4.39 EPS for the fiscal year.