Alibaba Group Holding’s (BABA) ‘Outperform’ Rating Maintained at Mizuho as AI Drives Growth

Alibaba Group Holding Limited (NYSE:BABA) is among the stocks Wall Street analysts are watching closely. On November 19, Wei Fang, an analyst at Mizuho Securities, reaffirmed the ‘Outperform’ rating on Alibaba Group Holding Limited (NYSE:BABA) with an unchanged price target of $195. Earlier on October 22, Fang had raised the price target on the stock to $195 from $159, while maintaining an ‘Outperform’ rating. In this update, he had highlighted his expectation that higher incentives would lead to stronger delivery order growth in the summer quarter. Moreover, he noted that the company’s AI-driven offerings should help it gain market share in the banking sector.

Similarly, on November 17, the company received a ‘Buy’ rating with a $218 price target from Citi.

Can Alibaba (BABA) Sustain Its Rally as E-Commerce Competition Intensifies?

On November 17, Alibaba Group Holding Limited (NYSE:BABA) initiated an update to its AI chatbot. This move positions the company well in the consumer artificial intelligence market after trailing its competitors. The app is built on an advanced version of its Qwen large language model.

For now, this free app is available in China as a mobile application and website, with an international launch on the way. As the company states,

“With a single command, it can generate a full research report and automatically produce a polished, multi-slide PowerPoint presentation in seconds.”

Alibaba Group Holding Limited (NYSE:BABA) is a Hong Kong-based provider of technology infrastructure and marketing reach. Founded in 1999, the company operates several businesses, including Taobao and Tmall, 1688.com, AliExpress, and Daraz.

While we acknowledge the potential of BABA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BABA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.