Alibaba Group Holding (NYSE: BABA) named one of the 13 Safest Stocks to Invest in Now, backed by hedge fund interest and high return on equity. JPMorgan raises price target for BABA to $30.85, citing positive food delivery and cloud revenue. Hong Kong trading sees 4% increase in shares after optimistic forecast and record-breaking Amap app usage.

Analysts increase adjusted EBITA projections for China’s commerce operations by 2% / 3% and revenue estimates for fiscal 2027/2028 by 2% / 6%. Alibaba Group Holding (NYSE: BABA) excels in e-commerce, cloud computing, digital media, and AI services. Consider other AI stocks for potentially higher returns. Check out our free report on the best short-term AI stock.

Alibaba Group Holding (NYSE: BABA) is a Chinese tech giant excelling in e-commerce, cloud, media, and AI. JPMorgan raises BABA’s price target and forecasts strong growth. Consider other AI stocks for higher potential returns. Check out our free report on the best short-term AI stock.

Read more at Yahoo Finance: JPMorgan Increases Its Price Target for Alibaba Group Holding (BABA), Reiterates its Overweight Rating