Alibaba Group Holding Ltd. aims to generate $100 billion in annual external revenue from its cloud and AI divisions. The company plans to reach this target within the next five years. This shift signals a move toward technology-driven growth over traditional e-commerce.
The company reduced its workforce by 34% over the past year. This downsizing followed the divestment of retail units to prioritize AI and cloud services.
Recent earnings reports showed revenue and profit missed analyst expectations. This performance contributed to a decline in the company's stock price.
Robert W. Baird lowered its price target for Alibaba to $164.00. The previous target was $174.00. This adjustment occurred on March 20, 2026. The firm maintained an outperform rating despite the change.