Jefferies Upgrades Alibaba (NYSE:BABA) to "Buy" with a Higher Price Target
Financial Modeling Prep·2025-09-29 17:00Jefferies has upgraded Alibaba (NYSE:BABA) to a "Buy" recommendation and raised the price target from 230.Alibaba's strategic investments in AI and its dominance in China's cloud services market are key drivers of its stock performance.The stock has seen a significant rally, surging by 44% over the past month and doubling year to date with a 110% increase.On September 29, 2025, Jefferies updated its rating for Alibaba (NYSE:BABA) to a "Buy" recommendation. At the time of this announcement, the stoc ...