Alibaba is trading at $159.14 (+5.42%) following a rally driven by recent analyst activity, despite some price target reductions.
- Nomura maintained a Buy rating while adjusting its price target to $193 (from $215).
- Morgan Stanley and Jefferies also maintained positive ratings, citing strong cloud momentum and AI demand offsetting near-term e-commerce weakness.
- The stock has recovered sharply from a -2.27% close on January 9, suggesting investor confidence in the company's longer-term growth trajectory.