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.