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What's Fueling Alibaba Stock's Jump Past Its 52-Week High?
Benzinga· 2025-10-02 12:46
Alibaba Group's (NYSE:BABA) mapping and local services platform, Amap, reached a record 360 million daily users on the first day of China's National Day holiday, underscoring the company's growing push into the local services market.The milestone, coupled with new AI-driven features and enhanced road safety tools, helped lift Alibaba shares above their 52-week high, with JPMorgan boosting its price forecast by nearly 45%.Amap, Alibaba's answer to Alphabet's (NASDAQ:GOOGL) Google Maps, also guided trips tota ...