<p>中國科技巨頭 <strong>阿里巴巴集團</strong>(BABA -0.57%) 在本週倒數第二個交易日的表現並不算強勁，至少就其美國存託憑證（ADRs）而言。當天其價值下跌了 0.6%，分析師的評級下調是主要原因。阿里巴巴的下跌幅度接近當天的 <strong>標準普爾 500 指數</strong>(^GSPC -0.50%)。</p>
<h2>在反彈後被認為合理估值</h2>
<p>在週四市場開盤前，美國老虎證券的裴博（Bo Pei）將阿里巴巴的評級從持有調整為買入。出乎意料的是，這一調整伴隨着 ADR 目標價從 145 美元上調至 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>圖片來源：Getty Images。</p>
<p>同樣出乎意料的是，裴博的這一舉動恰好是在阿里巴巴宣佈加強人工智能（AI）技術的多項舉措之後。除了其他事項外，它表示將開設新的數據中心以幫助流式傳輸 AI 功能，並與前沿的美國芯片製造商 <strong>英偉達</strong>（Nvidia）建立了新的合作關係。</p>
<p>據報道，分析師的調整源於他認為，隨着 ADR 的近期牛市，阿里巴巴的潛力已經反映在其股價中。這使得 ADR 的價值面臨短期下行風險。</p>
<h2>不再是不可抗拒的折扣</h2>
<p>分析師補充説，之前阿里巴巴的 ADR 吸引人的一個重要原因是其相對於大致可比的美國科技股的顯著折扣。這個折扣在近期價格上漲中基本被抹去。儘管裴博對公司的表現和未來戰略表示欽佩，但他認為當前的價格基本反映了這一點。</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>阿里巴巴集團的美國存託憑證（ADRs）下跌了 0.6%，原因是分析師 Bo Pei 將其評級從持有下調至買入，但將目標價從 145 美元上調至 180 美元。Pei 認為，阿里巴巴近期的價格飆升已經反映了其潛力，使其面臨短期下行風險。阿里巴巴 ADR 之前的吸引力在於與美國科技股相比的顯著折扣，但這一優勢在近期反彈後有所減弱。儘管如此，Pei 對公司在人工智能技術及其合作伙伴關係的未來仍持樂觀態度</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>中國科技巨頭 <strong>阿里巴巴集團</strong>(BABA -0.57%) 在本週倒數第二個交易日的表現並不算強勁，至少就其美國存託憑證（ADRs）而言。當天其價值下跌了 0.6%，分析師的評級下調是主要原因。阿里巴巴的下跌幅度接近當天的 <strong>標準普爾 500 指數</strong>(^GSPC -0.50%)。</p>
</div><h2>Fairly valued after rally</h2>
<div class="lb-trans"><h2>在反彈後被認為合理估值</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>在週四市場開盤前，美國老虎證券的裴博（Bo Pei）將阿里巴巴的評級從持有調整為買入。出乎意料的是，這一調整伴隨着 ADR 目標價從 145 美元上調至 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>圖片來源：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>同樣出乎意料的是，裴博的這一舉動恰好是在阿里巴巴宣佈加強人工智能（AI）技術的多項舉措之後。除了其他事項外，它表示將開設新的數據中心以幫助流式傳輸 AI 功能，並與前沿的美國芯片製造商 <strong>英偉達</strong>（Nvidia）建立了新的合作關係。</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>據報道，分析師的調整源於他認為，隨着 ADR 的近期牛市，阿里巴巴的潛力已經反映在其股價中。這使得 ADR 的價值面臨短期下行風險。</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>分析師補充説，之前阿里巴巴的 ADR 吸引人的一個重要原因是其相對於大致可比的美國科技股的顯著折扣。這個折扣在近期價格上漲中基本被抹去。儘管裴博對公司的表現和未來戰略表示欽佩，但他認為當前的價格基本反映了這一點。</p>
</div>

Why Alibaba Stock Was Underwater Today

- 阿里巴巴的美國存託憑證（ADRs）下跌 0.6%，主要因分析師降級推薦。  
- 分析師認為，阿里巴巴的潛力已反映在股價中，短期存在下行風險。  
- 該分析師將目標價從 145 美元上調至 180 美元，反映出對公司未來的認可。  

為什麼阿里巴巴的股票今天下跌