Alibaba Group Holding Limited (NYSE:BABA) is one of the best stocks to invest in for the long term. In a report released on July 24, Wei Fang from Mizuho Securities maintained a Buy rating on Alibaba Group Holding Limited (NYSE:BABA) with a price target of $149.00.
An e-commerce platform displaying a wide range of products to customers online.
Alibaba Group Holding Limited’s (NYSE:BABA) financial results for the quarter and fiscal year ended March 31 reflected the positive effects of its ‘user first, AI-driven’ strategy.
Cloud Intelligence Group’s quarterly revenue growth rose to 18%, attributed to the strong demand for AI. AI-related product revenue attained triple-digit growth for the seventh consecutive quarter.
The company also reported a revenue growth of 7% and EBITA growth of 36% in the quarter.
Alibaba Group Holding Limited (NYSE:BABA) manages and provides technology infrastructure and marketing platforms. It operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.
While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
