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Citi has bumped up its target price for Alibaba's stock, elevating it from $187 (U.S. dollars)/$183 (HK dollars) to $217 (U.S. dollars)/$215 (HK dollars), and has kept its 'Buy' rating intact. As Alibaba ramps up its investment in the artificial intelligence (AI) arena, a tenfold expansion in data capacity is anticipated, given the escalating demand for AI cloud services. Analysts are of the view that Alibaba is well - positioned to harness the evolving trends in artificial intelligence. This strategic move is expected to fuel a sustained uptick in cloud business revenue and bolster efficiency margins. Additionally, Citi has revised upwards its revenue projections for Alibaba's cloud business spanning the period from 2026 to 2028. However, it has opted to maintain a cautious stance by keeping its profit margin expectations for the cloud business unchanged.
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