JP Morgan raises Alibaba Group target price to $170 from $140
JP Morgan has raised its target price for Alibaba Group Holding Limited (NYSE: BABA) to $170 from $140, according to a recent research report [2]. This upward revision comes as the investment bank reevaluates the e-commerce giant's growth prospects and financial health.
The new target price represents an 18.17% increase from the current market price of $135.11, as of July 2, 2025. The move is supported by JP Morgan's positive outlook on Alibaba's business model, strong market position, and robust cash flow generation capabilities. The firm also notes that Alibaba's strategic initiatives, such as Cainiao Network and Cloud services, are expected to drive significant growth in the coming years.
Analysts at JP Morgan believe that Alibaba's focus on expanding its digital infrastructure and enhancing user experience will continue to attract new customers and drive revenue growth. Additionally, the company's strong balance sheet and low debt-to-equity ratio further bolster its financial stability.
The upgrade in target price by JP Morgan follows a series of analyst upgrades and downgrades for Alibaba in recent months. While some analysts, such as Arete Research and Barclays, have lowered their ratings and target prices, others, like Bank of America and Morgan Stanley, have maintained or increased their positive outlook on the stock [1].
Overall, the latest upgrade by JP Morgan underscores the continued interest and optimism among investors and analysts in Alibaba's long-term growth potential. As the company continues to execute its strategic initiatives and navigate the competitive e-commerce landscape, investors will be closely monitoring its performance and any further updates from Wall Street analysts.
References:
[1] https://www.marketbeat.com/instant-alerts/filing-ardmore-road-asset-management-lp-takes-1983-million-position-in-alibaba-group-holding-limited-baba-2025-08-30/
[2] https://www.marketbeat.com/stocks/NYSE/BABA/forecast/
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