Alibaba's Stock Comeback Has More Room To Run, Say Analysts

Alibaba Group Holding Ltd. (NYSE:BABA) stock climbed on Monday as strong performance in its cloud business and advances in artificial intelligence models offset investor concerns over escalating U.S.-China tensions.Analysts from Goldman Sachs, Daiwa Securities, and China International Capital Corporation (CICC) highlighted Alibaba Cloud’s growth and early profit recovery on Taobao and Tmall as key drivers behind the rebound.Goldman Sachs noted that Alibaba’s recent stock outperformance has reshaped the inve ...