$Alibaba(BABA)$ JPMorgan analysts see room for Alibaba (NYSE:BABA) to climb higher after sharply lifting their price target on the company's Hong Kong-listed shares. The bank raised its forecast nearly 45% to HK$240 ($31) by the end of 2026, which points to a potential 36% upside from the latest close. Alex Yao, who leads the coverage team, argued that Alibaba's current valuation at 12 times projected fiscal 2028 earnings could leave meaningful headroom for investors. The call was anchored on stronger prospects for Alibaba's cloud business and deeper synergies between its AI investments and core e-commerce platform.
| Side | Price | Filled | Realized P&L |
|---|
| Buy Open | 189.35 1 | -18.16% Holding |
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