BNP Paribas Initiates Coverage of Alibaba Group Holding (BABA), Cites Potential Cloud Revenue Growth Acceleration
Key takeaways
- On April 29, BNP Paribas initiated coverage of Alibaba Group Holding Limited (NYSE:BABA) with an Outperform rating and set a price target of $209, which offers 58% upside.
- Alibaba Group Holding Limited (NYSE:BABA) also received a rating update from Freedom Broker on April 24.
- Alibaba Group Holding Limited (NYSE:BABA) manages and provides technology infrastructure and marketing platforms.
BNP Paribas Initiates Coverage of Alibaba Group Holding (BABA), Cites Potential Cloud Revenue Growth Acceleration Noor Ul Ain Rehman Fri, May 8, 2026 at 12:26 AM GMT+7 2 min read BABA BNP.PA Alibaba Group Holding Limited (NYSE:BABA) is one of the best strong buy stocks to invest in according to billionaires. On April 29, BNP Paribas initiated coverage of Alibaba Group Holding Limited (NYSE:BABA) with an Outperform rating and set a price target of $209, which offers 58% upside. The firm told investors in a research note that the company’s cloud revenue growth will accelerate on better AI capex monetization.
Alibaba Group Holding Limited (NYSE:BABA) also received a rating update from Freedom Broker on April 24. The firm upgraded the stock to Buy from Hold, adjusting the price target on the stock to $190 from $180. The firm told investors that the cloud segment’s rapid growth, in addition to the company’s rollout of agent AI and recent price increases for cloud services by Chinese tech giants, supports Alibaba Group Holding Limited’s (NYSE:BABA) focus on AI as its primary medium-term growth driver. In another development, Barclays cut the price target on Alibaba Group Holding Limited (NYSE:BABA) to $186 from $190 on April 14, and maintained an Overweight rating on the shares.
Alibaba Group Holding Limited (NYSE:BABA) manages and provides technology infrastructure and marketing platforms. It operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.