From Financial Modeling Prep: 2025-03-28 17:46:00

Mizuho raised Alibaba’s price target from $140 to $170, naming it a Top Pick in the Asia Internet sector. The upgrade is driven by Alibaba’s AI initiatives, expected to boost internal efficiency and cloud revenue growth. The new target reflects a 12x multiple on 2026 EBITDA, aligning with a broader re-rating in the Chinese tech space.



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