Alibaba Group Holding Limited (NYSE:BABA) was downgraded from Buy to Hold by US Tiger Securities analyst Bo Pei, with a price target of $180. The stock rallied due to renewed investor optimism on the company’s AI/cloud pivot, recent results, and positive corporate announcements.

Despite Alibaba’s promising push into cloud and AI, the firm recommends waiting for a cheaper entry point due to the stock’s recent sharp rise. The company’s long-term value remains strong, but the risk/reward balance is less attractive in the near term, prompting a move to a Hold rating.

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Read more at Yahoo Finance: Alibaba (BABA) Stock Downgraded to Hold After Strong AI-Driven Rally