Alibaba Group stock rises as AI investment targets expand

Published on 09/23/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alibaba Group stock traded at USD 116.58 on September 22, 2026, with a USD 289.26 billion market value. Citi raised FY2027 capex to CNY 258 billion.

BABA, US01609W1027, Illustration mit AI erstellt.

Alibaba Group (ISIN US01609W1027) closed at USD 116.58 on the NYSE on September 22, 2026, while its market capitalization stood at USD 289.26 billion. The current investment story centers on artificial intelligence, with Citi raising its fiscal 2027 capital expenditure estimate to CNY 258.00 billion.

AI spending estimates rise

According to TradingView on September 23, 2026, Citi increased its Alibaba capital expenditure forecast for fiscal 2027 from CNY 228.00 billion to CNY 258.00 billion. The estimate for fiscal 2028 rose from CNY 201.00 billion to CNY 283.00 billion, while the fiscal 2029 forecast increased from CNY 180.00 billion to CNY 282.00 billion.

The change reflects Alibaba's stated objective of building 20 gigawatts of artificial intelligence infrastructure by 2032. Citi kept a Buy rating and a Hong Kong target price of HKD 189.00, while the cited market report placed Alibaba shares at HKD 109.60 on September 23, 2026.

Analyst targets remain elevated

DBS maintained a Buy rating and raised its Alibaba target price from USD 204.00 to USD 207.00 in a report published on September 23, 2026, according to TipRanks. Bank of America Securities separately maintained a Buy rating with a USD 175.00 target, as reported by The Globe and Mail on September 23, 2026.

Goldman Sachs kept a Buy rating and a USD 177.00 target for the US-listed stock, while its fiscal 2027 and fiscal 2028 earnings-per-share growth forecasts were 58 percent and 27 percent, respectively, according to Futunn on September 23, 2026.

Stock remains below yearly high

Alibaba's USD 116.58 close on September 22, 2026, was 39.5 percent below the 52-week high of USD 192.67 recorded on October 3, 2025, and 25.5 percent above the 52-week low of USD 92.87 reached on June 27, 2026. The range shows that the AI spending thesis is being assessed against substantial share-price volatility.

For investors, the central calculation is the trade-off between higher infrastructure spending and the earnings growth implied by current forecasts. Citi's fiscal 2027 capex estimate is USD 30.00 billion above its earlier forecast, while Goldman Sachs projects 58 percent earnings-per-share growth for the same fiscal year.

Alibaba Group stock stays measurable

Alibaba Group stock closed at USD 116.58 on the NYSE on September 22, 2026. The same market snapshot reported a market capitalization of USD 289.26 billion and trading volume of 8,317,545 shares.