Benchmark Reaffirms Buy Rating on Alibaba Following AI Cloud Expansion
Benchmark reaffirmed its 'Buy' rating for Alibaba Group Holding Limited (BABA) with a $220 price target, citing strong performance in AI and cloud growth. The firm highlighted triple-digit revenue growth from AI-related services and external AI cloud revenue rising to about 40% year-over-year.
Tickers: $BABA
Topics: AI Cloud Expansion Alibaba Earnings Performance Investment Rating