Citigroup reiterated its Buy rating for Alibaba, maintaining a $197 price target for its U.S. shares.
The bank identifies the rapid development of AI agent technology in China as a primary growth driver. Analysts specifically highlighted the mobile launch of Alibaba’s OpenClaw "Lobster" JVS Claw.
Citi expects this technology to fundamentally alter Chinese corporate operations and accelerate enterprise AI integration.
Broader market commentary suggests that Alibaba and other Chinese internet giants are integrating agentic AI to create new monetization opportunities across the sector.