BofA raised Alibaba target to USD 178: Alibaba Group stock falls 1.15 percent

Published on 10/16/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA sees 10.00 percent revenue growth for September. Alibaba Group stock costs EUR 98.75 on October 16, 2026, 1.15 percent below Xetra close.

Analyst views and earnings dates

BofA raised its Alibaba target to USD 178 on October 12, 2026.
BofA forecasts cloud revenue growth of 52.00 percent for the September quarter, versus 45.00 percent previously.
Alibaba Group stock trades at EUR 98.75 at 9:06 a.m. CEST at Lang & Schwarz on October 16, 2026, 1.15 percent below the Xetra close of October 15, 2026.

BABA, US01609W1027, Illustration mit AI erstellt.

Alibaba Group (ISIN US01609W1027) stock was trading at EUR 98.75 at Lang & Schwarz on October 16, 2026, at 9:06 a.m. CEST, down 1.15 percent versus the Xetra close of October 15, 2026 at EUR 99.90. The move came as investors weighed a higher Bank of America target against a demanding earnings setup.

According to Investing.com on October 12, 2026, BofA Global Research raised its price objective for Alibaba's US-listed shares to USD 178 and lifted its Hong Kong target from HKD 172 to HKD 175. The bank retained its Buy rating.

September quarter carries the key test

BofA expects September-quarter revenue to reach CNY 271.12 billion, up 9.42 percent from CNY 247.80 billion a year earlier. It forecasts adjusted EBITA of CNY 30.00 billion, compared with a CNY 26.00 billion consensus estimate, while expecting cloud revenue growth to accelerate to 52.00 percent from 45.00 percent in the June quarter, according to Investing.com.

The latest reported quarter ended June 30, 2026. Alibaba posted CNY 268.19 billion in revenue, CNY 10.58 billion in net income and a 38.00 percent gross margin, according to Earnings Today. Revenue was 10.20 percent higher than in the prior quarter, while net income fell 58.60 percent on the same comparison.

What do the recent targets mean?

Recent analyst actions show a wide valuation debate. Jefferies raised its target from USD 190 to USD 192 on October 8, 2026, while JPMorgan lowered its target from USD 210 to USD 200 on October 12, 2026, according to MarketBeat. The contrast puts cloud monetization and consumer demand at the center of the next results discussion.

Three dates frame Alibaba's stock

On October 8, 2026, Jefferies lifted its target to USD 192. On October 12, 2026, JPMorgan cut its target to USD 200. On October 12, 2026, BofA raised its US target to USD 178 while lifting its Hong Kong target to HKD 175.

Next reporting date

Alibaba's next scheduled earnings report is November 24, 2026, according to Earnings Today.

Stock weighs targets against growth

BofA's revenue forecast and the latest cloud estimate give the September quarter a measurable hurdle. The competing USD 178 and USD 200 targets also show that analysts differ on how quickly AI investment can translate into earnings.

Alibaba Group stock was trading at EUR 98.75 at Lang & Schwarz on October 16, 2026, at 9:06 a.m. CEST, 1.15 percent below the Xetra close of October 15, 2026 at EUR 99.90. The further course of trading is shown by the continuously updated real-time quote of Alibaba Group stock.