Alibaba Group received an analyst update from Jefferies, which lowered its price target but reaffirmed its Buy rating, naming the stock its "top pick in 2026."
- The new price target was adjusted to $225 (down from $231), still implying over 50% upside from its previous close.
- Jefferies highlighted long-term growth potential driven by AI+Cloud and one-stop consumption opportunities.
- The stock is trading slightly lower in pre-market at $146.39, aligning with broader market weakness.