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Bernstein Calls Alibaba’s (BABA) Valuation “Art More Than Science,” But Maintains $200 Target

Alibaba Group Holding Limited (NYSE:BABA) is one of the AI Stocks Every Investor Should Watch. On October 10, Bernstein raised its price target on the stock to 200from200 from 167, maintaining an Outperform rating. Key factors behind the rating affirmation were post-Q1 momentum, upbeat Apsara conference guidance, and accelerating confidence in Alibaba’s AI strategy. The firm noted that Alicloud revenue should keep accelerating. This, the firm believes, will keep Alibaba shares well-supported beyond the near t ...