Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

Alibaba's Trading Volume Drops 22.88% to 9.82 Billion, Stock Price Rises 0.43%

Market BriefTuesday, Apr 29, 2025 7:40 pm ET

1min read

On April 29, 2025, Alibaba's trading volume reached 9.82 billion, marking a 22.88% decrease from the previous day. Despite this, Alibaba's stock price rose by 0.43%.

Alibaba Group, a leading Chinese technology company, has launched Qwen 3, an advanced AI model designed to enhance its position in China's competitive AI industry. This new model introduces hybrid reasoning capabilities, aiming to provide superior adaptability and performance for developers. Qwen 3 builds on the success of its predecessor, Qwen 2.5-Max, and is available for download on platforms such as Hugging Face, GitHub, and ModelScope. The model supports 119 languages and ranges from 0.6 to 235 billion parameters, positioning alibaba to compete with other top AI models in the market.

Analysts have expressed optimism about Alibaba's future, with an average one-year price target of $160.38, suggesting a potential upside of 35.49% from the current trading price. This bullish sentiment is supported by consensus recommendations from brokerage firms, which score Alibaba at an average of 1.7, indicating an "Outperform" status. However, GuruFocus offers a more cautious view, estimating a potential downside of 8.5% based on historical trading multiples and future performance projections.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.