Alibaba Stock: Valuation Up Amid AI & Cloud Growth
3d ago·0:00 listen·Source: Pluang
Summary
Astrada Advisors has raised its valuation range for Alibaba shares. The new range is now 144 to 165 dollars per share, up from the previous 128 to 148 dollars. This increase comes as Alibaba's Quick Commerce unit sees narrowing losses. Additionally, there's strong growth in the company's artificial intelligence and cloud services. The Quick Commerce segment is also nearing profitability. This updated valuation could impact investors tracking Alibaba's performance and future outlook.
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