Alibaba Group (NYSE:BABA) Sees Strong Trading Volume - Should You Buy?

Market Beat
2026.05.13 17:14
portai
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Alibaba Group (NYSE:BABA) experienced a trading volume of 10,160,632 shares, down 12% from the previous session. The stock closed at $143.55, up from $134.78. Positive sentiment surrounds Alibaba's 38% revenue growth in cloud and AI services, although quarterly earnings fell short of expectations. Analysts have mixed ratings, with an average target price of $188.75. Institutional investors have increased their holdings, indicating potential confidence in the company's future despite current challenges.