Ge Long Hui·2025-09-29 08:19Core Viewpoint - Alibaba's stock price increased over 3.7% in pre-market trading, reaching $178.28, following a target price upgrade by Morgan Stanley to $200 and a reaffirmation of the "Overweight" rating [1] Group 1: Analyst Ratings and Price Target - Morgan Stanley raised Alibaba's ADR target price from $165 to $200, indicating a positive outlook for the company [1] - The firm maintains an "Overweight" rating on Alibaba, suggesting confidence in the company's growth potential [1] Group 2: Business Growth Projections - Alibaba is expected to benefit from accelerated growth in its cloud business, increased capital expenditures, and the advancement of its internationalization strategy [1] - The growth forecast for Alibaba's cloud business for fiscal years 2026 and 2027 has been revised upward from 30% to 32% and 40%, respectively [1] Group 3: AI Developments - Alibaba's Tongyi models have been recognized in the latest model rankings by Hugging Face, with seven models making it to the global top ten open-source models [1] - The newly released multimodal model Qwen3-Omni topped the rankings, highlighting Alibaba's advancements in AI technology [1]