Citi raises Alibaba Group stock target to USD 193.00

Published on 10/09/2026 at 15:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached CNY 268.95 billion in fiscal first quarter 2027, up 8.59 percent. Alibaba Group stock costs EUR 97.30 on October 9, 2026 versus EUR 94.35.

Key points in brief

Citi raised Alibaba Group's price target from USD 190.00 to USD 193.00 on October 8, 2026.
Fiscal first-quarter revenue reached CNY 268.95 billion, up 8.59 percent year over year.
Alibaba Group stock was trading at EUR 97.30 at Lang & Schwarz on October 9, 2026, plus 3.13 percent versus the prior close.
The primary listing is on the NYSE under ticker BABA, with a market capitalization of USD 263.0 billion.

BABA, US01609W1027, Illustration mit AI erstellt.

Alibaba Group (ISIN US01609W1027) was trading at EUR 97.30 at Lang & Schwarz on October 9, 2026, up 3.13 percent versus the prior close. On October 8, 2026, Citi raised its price target from USD 190.00 to USD 193.00 while keeping a Buy rating, according to Markets Insider.

Citi lifts target ahead of results

Citi's new target is 1.58 percent above its previous USD 190.00 level. The firm also modeled consolidated revenue growth of 8.20 percent year over year ahead of Alibaba's fiscal second-quarter report, giving the target increase a specific earnings-estimate backdrop.

Investing.com reported on October 8, 2026, that Jefferies raised its target from USD 190.00 to USD 192.00 and maintained a Buy rating. Jefferies also forecast cloud revenue growth above 50.00 percent in fiscal year 2028.

Three dated capital and cloud signals

On August 23, 2026, Alibaba announced a proposed HKD 80.0 billion share placement, according to its investor-relations page. On September 28, 2026, Alibaba announced a multi-year technology and cloud partnership with the Brooklyn Nets that includes the team's 60th anniversary season, according to Alibaba Group. On October 8, 2026, Citi moved its target from USD 190.00 to USD 193.00, as Markets Insider reported.

What does the target change signal?

Alibaba's fiscal first-quarter revenue reached CNY 268.95 billion, up 8.59 percent from CNY 247.65 billion a year earlier, according to Beancount. The same period produced CNY 10.44 billion of net income, down 75.35 percent from CNY 42.38 billion, while a CNY 4.46 billion goodwill impairment was recorded.

The operating contrast is sharper in cloud. AI Cloud and Compute Services revenue reached CNY 48.44 billion, up 44.94 percent from CNY 33.42 billion, while adjusted EBITA increased 133.03 percent to CNY 5.63 billion. That split explains why the analyst action emphasizes cloud execution even as consolidated profit remains under pressure.

Stock trades higher in Frankfurt hours

Alibaba Group's EUR 97.30 Lang & Schwarz price on October 9, 2026 at 3:33 p.m. CEST stood above the EUR 94.35 prior close from October 8, 2026. The NYSE listing was last at USD 109.71 on October 9, 2026 at 9:36 a.m. ET, while the market capitalization was USD 263.0 billion and the 52-week range was USD 91.99 to USD 182.50.

The further course of trading is shown by the continuously updated real-time quote of Alibaba Group stock.