Alibaba Group (NYSE:BABA) Trading 1.7% Higher - Time to Buy?

Market Beat
2026.04.17 22:42
portai
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Alibaba Group's share price rose 1.7% to $140.91, with trading volume increasing by 6%. Positive sentiment surrounds the company's AI and robotics initiatives, while regulatory fines and insider sales present challenges. Analysts have mixed views, with some lowering ratings and price targets, but the consensus remains a "Moderate Buy" with an average target price of $187.68. The company reported a net margin of 9.12% and revenue of $40.71 billion last quarter, with expectations of 7.86 EPS for the current fiscal year.