I lean toward holding, but cautiously. Here’s why:
• The AI/cloud bet is real and large. Alibaba is placing a lot of chips on this being its next engine.
• The Citi upgrade demonstrates institutional confidence, not just speculative hype.
• While valuation is stretched in some views, some models and analyst views still see upside.
Nevertheless,
• I wouldn’t hold with blind faith.
• Set clear stop-loss levels or trailing exits in case sentiment shifts.
• i will consider lightening my position as it approaches Citi’s target or other resistance zones (e.g. around $200+).
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