Where is Alibaba Group Holding Limited (BABA) Headed According to the Street?
Group 1 - Alibaba Group Holding Limited (NYSE:BABA) is considered a long-term low volatility investment, with a Buy rating and a price target of HK$194.00 set by China Merchants Securities [1] - Alibaba's logistics arm, Cainiao, is set to acquire a stake in Chinese robovan developer Zelostech, creating a business valued at approximately $2 billion [1][2] - Cainiao will not become a controlling shareholder of Zelostech but will contribute its autonomous-driving business and make a cash investment [2] Group 2 - Alibaba operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others [3]