Alibaba (BABA) Earns $195 Price Target as AI and Cloud Demand Accelerate

Alibaba Group Holding Limited (NYSE:BABA) is one of the AI Stocks on the Market’s Radar. On Nov 26, Benchmark reiterated its Buy rating on the stock with a $195.00 price target.  The firm is cautiously optimistic on the stock based on cloud strength and AI demand, albeit execution risks remain. The firm highlighted how Alibaba has delivered strong cloud performance, with 34% year-over-year growth in its cloud segment. Meanwhile, Customer Management Revenue (CMR) increased 10% year-over-year, in line with ...