Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Alibaba's Stock Comeback Has More Room To Run, Say Analysts

The Alibaba Trade

Alibaba Group Holding Ltd. (NYSE:BABA) stock climbed on Monday as strong performance in its cloud business and advances in artificial intelligence models offset investor concerns over escalating U.S.-China tensions.

Analysts from Goldman Sachs, Daiwa Securities, and China International Capital Corporation (CICC) highlighted Alibaba Cloud’s growth and early profit recovery on Taobao and Tmall as key drivers behind the rebound.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.