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BABA
Benzinga
1 min

Alibaba's Stock Comeback Has More Room To Run, Say Analysts

1. BABA stock rose due to strong cloud performance and AI advancements. 2. Analysts raised revenue growth forecasts for Alibaba Cloud significantly. 3. Goldman Sachs increased price target for BABA from $179 to $205. 4. Despite projected EBITA losses, analysts maintain bullish outlook on BABA. 5. CICC expects revenue growth but anticipates adjusted EBITA decline.

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FAQ

Why Bullish?

Strong future revenue growth projections and bullish analyst ratings indicate positive sentiment.

How important is it?

The article discusses key growth areas and analyst upgrades, critically impacting BABA's stock outlook.

Why Long Term?

Solid growth forecasts and recovery signs suggest a gradually improving financial outlook.

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