<p>中国科技巨头 <strong>阿里巴巴集团</strong>(BABA -0.57%) 在本周倒数第二个交易日的表现并不算强劲，至少就其美国存托凭证（ADRs）而言。当天其价值下跌了 0.6%，分析师的评级下调是主要原因。阿里巴巴的下跌幅度接近当天的 <strong>标准普尔 500 指数</strong>(^GSPC -0.50%)。</p>
<h2>在反弹后被认为合理估值</h2>
<p>在周四市场开盘前，美国老虎证券的裴博（Bo Pei）将阿里巴巴的评级从持有调整为买入。出乎意料的是，这一调整伴随着 ADR 目标价从 145 美元上调至 180 美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzUxNzcvcGVyc29uLXN0YXJpbmctYXQtZG93bndhcmQtdHJlbmRpbmctZ3JhcGgtb24tYS1sYXB0b3AuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzUxNzcvcGVyc29uLXN0YXJpbmctYXQtZG93bndhcmQtdHJlbmRpbmctZ3JhcGgtb24tYS1sYXB0b3AuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<p>同样出乎意料的是，裴博的这一举动恰好是在阿里巴巴宣布加强人工智能（AI）技术的多项举措之后。除了其他事项外，它表示将开设新的数据中心以帮助流式传输 AI 功能，并与前沿的美国芯片制造商 <strong>英伟达</strong>（Nvidia）建立了新的合作关系。</p>
<p>据报道，分析师的调整源于他认为，随着 ADR 的近期牛市，阿里巴巴的潜力已经反映在其股价中。这使得 ADR 的价值面临短期下行风险。</p>
<h2>不再是不可抗拒的折扣</h2>
<p>分析师补充说，之前阿里巴巴的 ADR 吸引人的一个重要原因是其相对于大致可比的美国科技股的显著折扣。这个折扣在近期价格上涨中基本被抹去。尽管裴博对公司的表现和未来战略表示钦佩，但他认为当前的价格基本反映了这一点。</p>

阿里巴巴

阿里巴巴-W

2 倍做多阿里巴巴 ETF - KraneShares

BABO

2 倍做多 BABA ETF - GraniteShares

<p>阿里巴巴集团的美国存托凭证（ADRs）下跌了 0.6%，原因是分析师 Bo Pei 将其评级从持有下调至买入，但将目标价从 145 美元上调至 180 美元。Pei 认为，阿里巴巴近期的价格飙升已经反映了其潜力，使其面临短期下行风险。阿里巴巴 ADR 之前的吸引力在于与美国科技股相比的显著折扣，但这一优势在近期反弹后有所减弱。尽管如此，Pei 对公司在人工智能技术及其合作伙伴关系的未来仍持乐观态度</p>

<p>Monster Chinese tech company <strong>Alibaba Group</strong>(BABA -0.57%) wasn't looking all that mighty on the second-to-last trading day of the week, at least as far as its American depositary receipts (ADRs) were concerned. They shed 0.6% of their value that day, with a recommendation downgrade from an analyst being a chief catalyst. Alibaba's dip was close to that of the <strong>S&amp;P 500</strong>(^GSPC -0.50%) that day.</p>
<div class="lb-trans"><p>中国科技巨头 <strong>阿里巴巴集团</strong>(BABA -0.57%) 在本周倒数第二个交易日的表现并不算强劲，至少就其美国存托凭证（ADRs）而言。当天其价值下跌了 0.6%，分析师的评级下调是主要原因。阿里巴巴的下跌幅度接近当天的 <strong>标准普尔 500 指数</strong>(^GSPC -0.50%)。</p>
</div><h2>Fairly valued after rally</h2>
<div class="lb-trans"><h2>在反弹后被认为合理估值</h2>
</div><p>Well before the market open Thursday, US Tiger Securities' Bo Pei changed his Alibaba recommendation to buy from hold. Counterintuitively, this was accompanied by a price target raise to $180 per ADR from the pundit's previous level of $145.</p>
<div class="lb-trans"><p>在周四市场开盘前，美国老虎证券的裴博（Bo Pei）将阿里巴巴的评级从持有调整为买入。出乎意料的是，这一调整伴随着 ADR 目标价从 145 美元上调至 180 美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzUxNzcvcGVyc29uLXN0YXJpbmctYXQtZG93bndhcmQtdHJlbmRpbmctZ3JhcGgtb24tYS1sYXB0b3AuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F835177%2Fperson-staring-at-downward-trending-graph-on-a-laptop.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>Also rather counterintuitively, Pei's move comes just after Alibaba made several announcements about a stronger push into artificial intelligence (AI) technologies. Among other items, it said it would open new data centers to help stream AI functionalities, and trumpeted a fresh partnership with cutting-edge U.S. chipmaker <strong>Nvidia</strong>.</p>
<div class="lb-trans"><p>同样出乎意料的是，裴博的这一举动恰好是在阿里巴巴宣布加强人工智能（AI）技术的多项举措之后。除了其他事项外，它表示将开设新的数据中心以帮助流式传输 AI 功能，并与前沿的美国芯片制造商 <strong>英伟达</strong>（Nvidia）建立了新的合作关系。</p>
</div><p>According to reports, the analyst's adjustment derives from his belief that with the recent bull run of the ADRs, Alibaba's potential has been priced into its equity. This exposes the value of the ADRs to short-term, downside risk.</p>
<div class="lb-trans"><p>据报道，分析师的调整源于他认为，随着 ADR 的近期牛市，阿里巴巴的潜力已经反映在其股价中。这使得 ADR 的价值面临短期下行风险。</p>
</div><h2>No longer an irresistible discount</h2>
<div class="lb-trans"><h2>不再是不可抗拒的折扣</h2>
</div><p>The analyst added that previously, one great appeal of Alibaba's ADRs were their significant discount to roughly comparable U.S. tech stocks. This has essentially been erased by the recent run-up in price. While Pei expressed admiration for the company's performance and its future-forward strategy, he thinks its current price basically reflects this.</p>
<div class="lb-trans"><p>分析师补充说，之前阿里巴巴的 ADR 吸引人的一个重要原因是其相对于大致可比的美国科技股的显著折扣。这个折扣在近期价格上涨中基本被抹去。尽管裴博对公司的表现和未来战略表示钦佩，但他认为当前的价格基本反映了这一点。</p>
</div>

Why Alibaba Stock Was Underwater Today

- 阿里巴巴的美国存托凭证（ADRs）下跌 0.6%，主要因分析师降级推荐。  
- 分析师认为，阿里巴巴的潜力已反映在股价中，短期存在下行风险。  
- 该分析师将目标价从 145 美元上调至 180 美元，反映出对公司未来的认可。  

为什么阿里巴巴的股票今天下跌