Barclays Upgrade Fuels Alibaba's 4.18% Rally as Cloud Growth Drives $4.77B Volume Rank 16th

Alibaba Group Holding Ltd. , , ranking 16th in market activity. The rally followed a significant analyst upgrade, as Barclays’ Jiong Shao raised his price target for Alibaba by 31% to $190 per ADR, maintaining an overweight recommendation. The adjustment highlighted confidence in Alibaba’s cloud computing unit, , with expectations for sustained margin resilience.

Analyst optimism persists despite Alibaba’s Q2 revenue and profit misses, driven by robust cloud performance and e-commerce momentum. A second analyst, Zixiao Yang of Arete, also upgraded Alibaba to buy with a $152 price target. Strategic investments in AI and logistics further underpin the positive outlook, though competitive pressures and margin challenges remain factors for investors to monitor.

To run this back-test accurately I need a bit more detail about the universe of stocks you want to rank by volume. 1. Which market universe should we draw from? • All U.S. listed common stocks (≈ 6,000 tickers) • A specific index (e.g., Russell 3000, S&P 1500, etc.) • Another market (e.g., all Hong Kong listings) 2. Do you want the portfolio re-balanced every trading day (buy top-500 by volume at the close, hold one day, sell at next day’s close)? 3. Position sizing: equal-weighted across the 500 names each day, or some other weighting? Once I have those points, I can lay out the data-gathering plan and run the back-test.