<p>阿里巴巴（BABA），这家电子商务和云计算巨头，仍然是 Jefferies 在中国互联网行业的首选。该股年初至今下跌了 22%，在过去一年中下跌了约 3%，这与科技股的整体抛售有关。尽管近期表现疲软，Jefferies 仍然看好阿里巴巴的云业务和不断增长的人工智能产品。</p>
<h3>介绍 TipRanks MCP 给代理商</h3>
<ul>
<li>将机构级市场数据直接传递到 Claude、ChatGPT、Cursor 和其他兼容 MCP 的 AI 工具中。</li>
<li>旨在个人研究、投资组合监控和 AI 辅助投资工作流程。</li>
</ul>
<h2><strong>阿里云仍然是关键优势</strong></h2>
<p>Jefferies 表示，阿里云仍然是公司最大的优势之一。该公司指出，阿里云广泛的云和人工智能服务使其在竞争对手中脱颖而出，并巩固了其在中国日益增长的人工智能市场中的地位。</p>
<p>值得注意的是，阿里巴巴的云和人工智能业务在财政第四季度仍然是一个亮点。云智能集团的收入同比增长 38%，达到 416.3 亿元人民币。同时，人工智能相关产品的收入连续第 11 个季度实现三位数增长。阿里巴巴表示，人工智能产品现在大约占云收入的 30%。</p>
<p>Jefferies 的分析师还强调了阿里巴巴的模型即服务（MaaS）业务，称收入增长和利润率保持健康。随着越来越多的公司采用人工智能工具，阿里巴巴在其云平台和人工智能服务中处于有利地位。</p>
<h2><strong>近期担忧并未改变整体情况</strong></h2>
<p>该公司承认，今年的 618 购物节相比往年不那么令人兴奋。然而，Jefferies 指出，促销力度减弱影响了整个行业，而不仅仅是阿里巴巴。</p>
<p>Jefferies 还表示，阿里巴巴的工作协作平台钉钉最近的管理层变动并未改变其对该股的积极看法。该公司最近任命了来自阿里云的高级人工智能执行官陈宇森来领导该业务，以便更深入地进入企业人工智能领域。</p>
<p>分析师指出，领导层的变动已经反映在阿里巴巴的股价中，并未对整体投资案例构成重大风险。</p>
<h2><strong>现在阿里巴巴股票值得购买吗？</strong></h2>
<p>分析师对阿里巴巴的股票走势保持乐观。根据 16 个买入评级和一个持有评级，BABA 股票在 TipRanks 上获得强烈买入的共识评级。此外，阿里巴巴的平均目标价为 189.89 美元，意味着从当前水平约有 68.50% 的上涨潜力。</p>

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阿里巴巴

2 倍做多阿里巴巴 ETF - KraneShares

2 倍做多 BABA ETF - GraniteShares

BABO

BABU

BABW

BBYY

<p>Jefferies 将阿里巴巴（BABA）列为其首选中国互联网股票，理由是其云计算和人工智能领域的强劲表现。尽管今年迄今股价下跌了 22%，Jefferies 强调了阿里云 38% 的收入增长和三位数的人工智能产品扩展。该公司认为，近期钉钉的管理层变动和 618 节日销售疲软并不是重大风险。在强烈买入的共识和 189.89 美元的平均目标价下，分析师们认为存在显著的上涨潜力</p>

<p>Alibaba (BABA), the e-commerce and cloud computing giant, remains Jefferies' top pick in China's internet sector. The stock is down 22% year-to-date and about 3% over the past year amid a broader sell-off in technology shares. Despite the recent weakness, Jefferies continues to see strength in Alibaba's cloud business and growing AI offerings.</p>
<div class="lb-trans"><p>阿里巴巴（BABA），这家电子商务和云计算巨头，仍然是 Jefferies 在中国互联网行业的首选。该股年初至今下跌了 22%，在过去一年中下跌了约 3%，这与科技股的整体抛售有关。尽管近期表现疲软，Jefferies 仍然看好阿里巴巴的云业务和不断增长的人工智能产品。</p>
</div><h3>Introducing TipRanks MCP for Agents</h3>
<div class="lb-trans"><h3>介绍 TipRanks MCP 给代理商</h3>
</div><ul>
<li>Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools.</li>
<li>Designed for personal research, portfolio monitoring, and AI-assisted investment workflows.</li>
</ul>
<div class="lb-trans"><ul>
<li>将机构级市场数据直接传递到 Claude、ChatGPT、Cursor 和其他兼容 MCP 的 AI 工具中。</li>
<li>旨在个人研究、投资组合监控和 AI 辅助投资工作流程。</li>
</ul>
</div><h2><strong>AliCloud Remains a Key Strength</strong></h2>
<div class="lb-trans"><h2><strong>阿里云仍然是关键优势</strong></h2>
</div><p>Jefferies said Alibaba Cloud remains one of the company's biggest advantages. The firm noted that AliCloud's broad range of cloud and AI services helps it stand out from rivals and strengthens its position in China's growing AI market.</p>
<div class="lb-trans"><p>Jefferies 表示，阿里云仍然是公司最大的优势之一。该公司指出，阿里云广泛的云和人工智能服务使其在竞争对手中脱颖而出，并巩固了其在中国日益增长的人工智能市场中的地位。</p>
</div><p>Notably, Alibaba's cloud and AI business remained a bright spot in the fiscal fourth quarter. Revenue from the Cloud Intelligence Group climbed 38% year-over-year to 41.63 billion yuan. Meanwhile, AI-related product revenue posted triple-digit growth for the 11th consecutive quarter. Alibaba said AI products now make up roughly 30% of cloud revenue.</p>
<div class="lb-trans"><p>值得注意的是，阿里巴巴的云和人工智能业务在财政第四季度仍然是一个亮点。云智能集团的收入同比增长 38%，达到 416.3 亿元人民币。同时，人工智能相关产品的收入连续第 11 个季度实现三位数增长。阿里巴巴表示，人工智能产品现在大约占云收入的 30%。</p>
</div><p>The analysts at Jefferies also highlighted Alibaba's Model-as-a-Service (MaaS) business, saying revenue growth and margins remain healthy. As more companies adopt AI tools, Alibaba is well positioned to benefit through both its cloud platform and AI services.</p>
<div class="lb-trans"><p>Jefferies 的分析师还强调了阿里巴巴的模型即服务（MaaS）业务，称收入增长和利润率保持健康。随着越来越多的公司采用人工智能工具，阿里巴巴在其云平台和人工智能服务中处于有利地位。</p>
</div><h2><strong>Recent Concerns Haven't Changed the Story</strong></h2>
<div class="lb-trans"><h2><strong>近期担忧并未改变整体情况</strong></h2>
</div><p>The firm acknowledged that this year's 618 shopping festival has been less exciting than in prior years. However, Jefferies noted that softer promotions are affecting the entire industry rather than Alibaba alone.</p>
<div class="lb-trans"><p>该公司承认，今年的 618 购物节相比往年不那么令人兴奋。然而，Jefferies 指出，促销力度减弱影响了整个行业，而不仅仅是阿里巴巴。</p>
</div><p>Jefferies also said recent management changes at DingTalk, Alibaba's workplace collaboration platform, do not change its positive view on the stock. The company recently appointed Chen Yusen, a senior AI executive from Alibaba Cloud, to lead the business as it pushes deeper into enterprise AI.</p>
<div class="lb-trans"><p>Jefferies 还表示，阿里巴巴的工作协作平台钉钉最近的管理层变动并未改变其对该股的积极看法。该公司最近任命了来自阿里云的高级人工智能执行官陈宇森来领导该业务，以便更深入地进入企业人工智能领域。</p>
</div><p>The analysts noted that the leadership change has already been reflected in Alibaba's share price and does not pose a major risk to the broader investment case.</p>
<div class="lb-trans"><p>分析师指出，领导层的变动已经反映在阿里巴巴的股价中，并未对整体投资案例构成重大风险。</p>
</div><h2><strong>Is Alibaba Stock a Good Buy Right Now?</strong></h2>
<div class="lb-trans"><h2><strong>现在阿里巴巴股票值得购买吗？</strong></h2>
</div><p>Analysts remain bullish about Alibaba's stock trajectory. With 16 Buy ratings and one Hold rating, BABA stock commands a Strong Buy consensus rating on TipRanks. Also, the average Alibaba price target of $189.89 implies about 68.50% upside potential from current levels.</p>
<div class="lb-trans"><p>分析师对阿里巴巴的股票走势保持乐观。根据 16 个买入评级和一个持有评级，BABA 股票在 TipRanks 上获得强烈买入的共识评级。此外，阿里巴巴的平均目标价为 189.89 美元，意味着从当前水平约有 68.50% 的上涨潜力。</p>
</div>

Jefferies Names Alibaba (BABA) as Its 'Top China Internet Pick.' Here's Why

- 阿里巴巴 (BABA) 仍是 Jefferies 在中国互联网领域的首选。  
- 尽管股价下跌 22%，Jefferies 认为云业务和 AI 服务强劲。  
- 分析师对阿里巴巴股票持乐观态度，目标价为 189.89 美元。

Tip Ranks

Jefferies Financial

YieldMax BABA Option Income Strategy ETF

Direxion Daily BABA Bull 2X ETF

Roundhill BABA WeeklyPay ETF

Graniteshares YieldBOOST Baba ETF

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Alibaba HK SDR 5to1

Jefferies 将阿里巴巴 (BABA) 评为其 “首选中国互联网公司”。以下是原因