Alibaba Group Holding Limited (NYSE:BABA) is considered one of the best long-term investment stocks. Analyst Wei Fang from Mizuho Securities maintained a Buy rating on Alibaba with a price target of $149.00. The company’s financial results for the quarter and fiscal year ended March 31 showed positive effects of its ‘user first, AI-driven’ strategy, with 7% revenue growth and 36% EBITA growth.

Cloud Intelligence Group saw quarterly revenue growth rise to 18% due to strong AI demand, with AI-related product revenue achieving triple-digit growth for the seventh consecutive quarter. Alibaba operates through seven segments including China Commerce, International Commerce, Cloud, and Digital Media and Entertainment. Despite potential as an investment, some suggest other AI stocks offer greater upside potential and less downside risk.

Alibaba’s stock (BABA) soared 8% following the ease of US chip exports to China. The company manages technology infrastructure and marketing platforms, reporting a revenue growth of 7% and EBITA growth of 36% in the quarter. For those seeking undervalued AI stocks, a free report on the best short-term AI stock is available for consideration.

Read more at Yahoo Finance: Mizuho Securities Maintains a Buy on Alibaba Group Holding (BABA)