Alibaba (BABA) Shares Soar 5.44% After Tariff Concerns

Alibaba Group (BABA) shares surged by 5.44% today, marking a significant rebound after the stock price plummeted to its lowest level since January 2025, with an intraday decline of 3.66%.

Alibaba Group has been navigating through trade tariff tensions between the United States and China, which have introduced volatility into the stock market. Despite these concerns, analysts suggest that Alibaba's core businesses, particularly its e-commerce and cloud computing segments, may be less impacted by tariffs due to their primary revenue sources being within Asia.

Institutional confidence in Alibaba remains strong. In February 2025, Bank of America increased its holdings in Alibaba by 7%, demonstrating a continued belief in the company's future prospects despite the ongoing trade tensions.

Analysts have also shown optimism about Alibaba's potential. In late March 2025, Mizuho reiterated their Outperform rating for Alibaba, raising their valuation target to $170 per share. This indicates a predicted upside of 46%, reflecting a positive outlook on the company's ability to reach new highs.