---
title: "Jefferies Reaffirms Their Buy Rating on Alibaba Group Holding Ltd. (9988)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296703205.md"
description: "Jefferies analyst Thomas Chong reaffirmed a Buy rating on Alibaba Group Holding Ltd. (9988) on August 21, setting a price target of HK$184.00, up from the closing price of HK$123.00. This aligns with a general Strong Buy consensus among analysts, who cite an average price target of HK$186.06, implying significant upside potential."
datetime: "2026-08-23T12:26:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296703205.md)
  - [en](https://longbridge.com/en/news/296703205.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296703205.md)
generator: "portal-rs"
---

# Jefferies Reaffirms Their Buy Rating on Alibaba Group Holding Ltd. (9988)

Jefferies analyst Thomas Chong maintained a Buy rating on Alibaba Group Holding Ltd. on August 21 and set a price target of HK$184.00. The company’s shares closed last Friday at HK$123.00.

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Chong covers the Communication Services sector, focusing on stocks such as China Literature, Baidu, Inc. Class A, and Weibo. According to TipRanks, Chong has an average return of 8.8% and a 49.70% success rate on recommended stocks. 

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alibaba Group Holding Ltd. with a HK$186.06 average price target, implying a 51.27% upside from current levels. In a report released on August 21, DBS also maintained a Buy rating on the stock with a HK$205.00 price target.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**