Alibaba jumps as Barclays ups target on cloud boost, AI momentum
Alibaba shares rose 3% premarket after Hong Kong stock hit a near 4-year high. Barclays lifted its target to $190 from $145, citing strong cloud revenue (+26% vs est. 18.4%) and easing instant commerce drag. AI rollout, including a $100 million robotics bet, is boosting growth. Stocktwits retail mood is bearish, though BABA is up 68% YTD.
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