Alibaba Is a Top Pick for Analysts. Why the Stock Could Rise 32%.
1. Jefferies maintains Buy rating for Alibaba with a $230 price target. 2. Alibaba facing competition but growth expected in cloud computing. 3. Analysts forecast 30% growth in cloud revenue driven by AI demand. 4. Concerns about rising losses in other business areas remain. 5. Shares have gained 77% since being named a top pick by Barron's.