Alibaba Group (NYSE: BABA) is a top AI stock with a raised price target of $200 by Bernstein. Factors include post-Q1 momentum, Alicloud revenue growth, and confidence in AI strategy. Despite competition and valuation concerns, the firm expects stable support with steady user engagement and GMV share in China.

The firm warns of competition in domestic e-commerce and questions peaceful co-existence. Alibaba, a major player in e-commerce in China and globally, faces challenges in user engagement and competition. While BABA offers potential, other AI stocks may have greater upside and less risk, especially in the current economic climate.

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Read more at Yahoo Finance: Bernstein Calls Alibaba’s (BABA) Valuation “Art More Than Science,” But Maintains $200 Target