<p>中國科技巨頭 <strong>阿里巴巴</strong>(BABA 3.13%) 的股價在週一東部時間下午 12:26 交易時上漲超過 3%，此前華爾街分析師發佈了關於該公司的新研究報告，並上調了對該股票的目標價。</p>
<h2>雲計算將加速</h2>
<p>在他的報告中，<strong>巴克萊</strong> 分析師邵炯維持了對阿里巴巴的增持評級，並將其目標價上調了 45 美元至每股 190 美元，意味着從當前水平約有 36% 的上漲空間。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI0MTkvcGVvcGxlLWhlYWRwaG9uZXMuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="467" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI0MTkvcGVvcGxlLWhlYWRwaG9uZXMuanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<p>邵的論點基於阿里巴巴雲業務的持續強勁表現，該業務不僅包括傳統的雲服務如數據存儲，還包括新興的人工智能能力，這些能力在連續八個季度中實現了三位數的百分比收入增長。邵還認為，阿里巴巴的新快速配送業務所產生的虧損將很快減輕。</p>
<p>邵在報告中表示：“我們預計雲收入增長將在未來幾個季度繼續加速，從 6 月季度的同比 26% 增長，保持穩定的利潤率。關於食品配送的價格戰和阿里巴巴在即時商業中顯著的虧損，我們的信念是這些顯著的虧損是暫時的，虧損可能在 9 月季度達到峯值。我們預計阿里巴巴的即時商業業務在穩定狀態下將接近盈虧平衡，同時提取有意義的協同效應以惠及其核心電子商務業務。”</p>
<h2>在中國投資大型科技和人工智能公司是不同的</h2>
<p>阿里巴巴的市盈率不到 18 倍，這比一些美國科技和人工智能巨頭目前的估值要友好得多。然而，這種情況相對標準，因為中國公共市場面臨更大的政府幹預風險，使得監管環境變得不那麼可預測。近年來，中國經濟也遭遇了巨大的困難。</p>
<p>儘管如此，如果你對這些因素進行了盡職調查，仍然覺得投資這隻中國股票是舒適的，阿里巴巴為投資者提供了接觸一家在巨大市場中具有顯著規模的科技和人工智能公司的機會，其估值優於類似的美國公司。</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>阿里巴巴的股價上漲超過 3%，因為巴克萊分析師邵炯將目標價上調至 190 美元，意味着有 36% 的上漲空間。邵炯強調了阿里巴巴強大的雲業務，該業務在過去八個季度中實現了三位數的收入增長，並預計其快速配送服務的虧損將減少。儘管面臨政府幹預和中國經濟疲軟的風險，阿里巴巴的估值仍然相較於美國科技公司具有吸引力，為投資者提供了顯著的科技和人工智能市場的投資機會</p>

<p>Shares of Chinese tech giant <strong>Alibaba</strong>(BABA 3.13%) were trading more than 3% higher as of 12:26 p.m. ET Monday after a Wall Street analyst issued a new research note on the company and raised his price target on the stock.</p>
<div class="lb-trans"><p>中國科技巨頭 <strong>阿里巴巴</strong>(BABA 3.13%) 的股價在週一東部時間下午 12:26 交易時上漲超過 3%，此前華爾街分析師發佈了關於該公司的新研究報告，並上調了對該股票的目標價。</p>
</div><h2>Cloud to accelerate</h2>
<div class="lb-trans"><h2>雲計算將加速</h2>
</div><p>In his note, <strong>Barclays</strong> analyst Jiong Shao maintained his overweight rating on Alibaba and hiked his price target by $45 to $190 per share, implying about 36% upside from current levels.</p>
<div class="lb-trans"><p>在他的報告中，<strong>巴克萊</strong> 分析師邵炯維持了對阿里巴巴的增持評級，並將其目標價上調了 45 美元至每股 190 美元，意味着從當前水平約有 36% 的上漲空間。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI0MTkvcGVvcGxlLWhlYWRwaG9uZXMuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832419%2Fpeople-headphones.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><p>Shao's thesis is built on continuing strength in Alibaba's cloud business, which not only houses traditional cloud services like data storage, but also new artificial intelligence capabilities that have seen triple-digit percentage revenue growth for eight straight quarters. Shao also thinks that the losses being generated by Alibaba's new rapid-delivery business will soon abate.</p>
<div class="lb-trans"><p>邵的論點基於阿里巴巴雲業務的持續強勁表現，該業務不僅包括傳統的雲服務如數據存儲，還包括新興的人工智能能力，這些能力在連續八個季度中實現了三位數的百分比收入增長。邵還認為，阿里巴巴的新快速配送業務所產生的虧損將很快減輕。</p>
</div><p>&#34;We expect cloud revenue growth to continue to accelerate from 26% year-over-year in [the] June-quarter in coming quarters with stable margins,&#34; Shao said in his note. &#34;With respect to the price war in food delivery and BABA's significant losses in instant commerce, our conviction has been that the significant losses are transitory and losses will likely peak in Sep.-Q. We expect BABA to run its instant commerce business at around break-even in a steady state, while extracting meaningful synergy to benefit its core e-commerce franchise.&#34;</p>
<div class="lb-trans"><p>邵在報告中表示：“我們預計雲收入增長將在未來幾個季度繼續加速，從 6 月季度的同比 26% 增長，保持穩定的利潤率。關於食品配送的價格戰和阿里巴巴在即時商業中顯著的虧損，我們的信念是這些顯著的虧損是暫時的，虧損可能在 9 月季度達到峯值。我們預計阿里巴巴的即時商業業務在穩定狀態下將接近盈虧平衡，同時提取有意義的協同效應以惠及其核心電子商務業務。”</p>
</div><h2>Buying big tech and AI in China is different</h2>
<div class="lb-trans"><h2>在中國投資大型科技和人工智能公司是不同的</h2>
</div><p>Alibaba trades at less than 18 times forward earnings, which is a much friendlier valuation than some of the tech and AI giants in the U.S. trade at now. This is fairly standard, however, because there are greater risks of government intervention in the public markets in China, making the regulatory environment less predictable. The Chinese economy has also struggled immensely in recent years.</p>
<div class="lb-trans"><p>阿里巴巴的市盈率不到 18 倍，這比一些美國科技和人工智能巨頭目前的估值要友好得多。然而，這種情況相對標準，因為中國公共市場面臨更大的政府幹預風險，使得監管環境變得不那麼可預測。近年來，中國經濟也遭遇了巨大的困難。</p>
</div><p>That said, if you do your due diligence on these factors and still feel comfortable with investing in this Chinese stock, Alibaba offers investors exposure to a tech and AI company with significant scale in a massive market, and at a better valuation than you could get for a similar U.S.-based company.</p>
<div class="lb-trans"><p>儘管如此，如果你對這些因素進行了盡職調查，仍然覺得投資這隻中國股票是舒適的，阿里巴巴為投資者提供了接觸一家在巨大市場中具有顯著規模的科技和人工智能公司的機會，其估值優於類似的美國公司。</p>
</div>

Why Shares of Alibaba Are Rising Today

- 阿里巴巴股價上漲超過 3%，分析師將目標價上調至 190 美元。  
- 分析師認為雲業務持續強勁，預計未來收入增長加速。  
- 阿里巴巴的估值低於美國科技公司，投資風險需謹慎評估。  

為什麼阿里巴巴的股價今天上漲