Why BofA Turned More Bullish on Alibaba (BABA) After AI Push

Alibaba Group Holding Limited (NYSE:BABA) is one of the AI Stocks in the Spotlight This Week. On September 24, BofA Securities analyst Joyce Ju raised the price target on the stock to $195.00 (from $168.00) while maintaining a Buy rating. The rating affirmation follows Alibaba Cloud hosting its annual event Apsara Conference. The firm believes that Alibaba is positioned as the world’s leading full-stack artificial intelligence services provider. Moreover, it is accelerating investment in AI and cloud comp ...