Alibaba Price Target Slashed to $170 as Heavy AI Spending Drags Profits Down 67%

Alibaba Price Target Slashed to $170 as Heavy AI Spending Drags Profits Down 67% - 24/7 Wall St. S&P 5006,576.40 -0.38% Dow Jones46,550.40 +0.16% Nasdaq 10024,034.40 -0.67% Russell 20002,532.09 -0.10% FTSE 10010,022.20 -0.93% Nikkei 22553,439.50 -0.79% Stock Market Live March 26, 2026: S&P 500 (SPY) Slips on Oil Again Investing Alibaba Price Target Slashed to $170 as Heavy AI Spending Drags Profits Down 67% By Joel SouthPublished Mar 26, 10:08AM EDT Quick Read Alibaba (BABA) reported Q3 FY2026 non-GAAP n ...