Movement Alert｜Alibaba Rises 3.04% in Regular Trading, Cloud Acceleration and Bullish Broker Calls Lift Sentiment

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On October 9, Alibaba rose 3.04% in regular trading, trading at $108.91 per share, with turnover of $53.41 million.

The catalyst is a wave of bullish analyst actions alongside accelerating cloud momentum. Jefferies raised its target price to HK$186 while maintaining a Buy rating, and CICC kept an Outperform call while lifting fiscal 2027 and 2028 earnings estimates. Alibaba's latest guidance indicates Alibaba Cloud quarterly revenue growth exceeding 50%, with margin improving sequentially to over 12%, and e-commerce profit exceeding expectations, further fueling sentiment. Southbound net buying provided additional support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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