Jefferies raises target for Alibaba Group stock to USD 192.00
Published on 10/08/2026 at 16:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Jefferies raised its Alibaba Group price target to USD 192.00 from USD 190.00 on October 8, 2026.
- Fiscal first-quarter revenue rose 9.00 percent year over year to CNY 268.95 billion.
- Alibaba Group stock was trading at EUR 94.80 at Lang & Schwarz on October 8, 2026, down 0.47 percent versus the EUR 95.25 prior close.
- AI Cloud and Compute Services revenue grew 45.00 percent in the June quarter, while capital spending rose 75.00 percent.
Alibaba Group (ISIN US01609W1027) was trading at EUR 94.80 at Lang & Schwarz on October 8, 2026 at 4:42 p.m. CEST, down 0.47 percent versus the EUR 95.25 prior close. On October 8, 2026, Investing.com reported that Jefferies raised its Alibaba price target to USD 192.00 from USD 190.00 while maintaining a Buy rating. The target change puts cloud execution at the center of the current valuation debate.
Three dates frame the shift
On August 20, 2026, Alibaba reported first-quarter fiscal 2027 revenue of CNY 268.95 billion, up 9.00 percent year over year, while net income fell 75.00 percent to CNY 10.44 billion, according to Beancount. On September 23, 2026, Alibaba Group said AI Cloud and Compute Services revenue grew 45.00 percent in the June quarter and annualized AI-related product revenue reached USD 7.30 billion. On October 8, 2026, Jefferies lifted its target from USD 190.00 to USD 192.00, the latest event in the sequence.
What does cloud growth mean for profit?
The operating picture is divided. Zacks reported that AI Cloud and Compute Services revenue reached CNY 48.40 billion in the first quarter of fiscal 2027, up 45.00 percent year over year, while segment adjusted EBITA rose 133.00 percent to CNY 5.60 billion. The same report said capital spending climbed 75.00 percent to CNY 67.70 billion and free cash flow turned into a CNY 44.70 billion outflow.
For investors, that contrast is more important than the headline growth rate. Cloud is expanding quickly and improving its segment profit, but the wider group is absorbing heavy infrastructure spending while reported net income contracts. Jefferies expects cloud revenue to grow more than 50.00 percent year over year in fiscal 2028, according to Investing.com.
Why the target still faces a gap
The USD 192.00 Jefferies target lies 80.79 percent above the USD 106.22 NYSE quote at 10:53 a.m. EDT on October 8, 2026. That gap is not a forecast from this article; it is the distance implied by the analyst target and the primary-exchange quote. Alibaba Group stock therefore combines a powerful cloud growth figure with a demanding capital-spending requirement.
Trading remains below the prior close
At Lang & Schwarz, Alibaba Group stock was trading at EUR 94.80 on October 8, 2026 at 4:42 p.m. CEST, down 0.47 percent versus the EUR 95.25 prior close on October 7, 2026. The NYSE quote was USD 106.22 at 10:53 a.m. EDT, while 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.
Alibaba Group stock at a glance
- Company: Alibaba Group Holding Limited
- ISIN: US01609W1027
- Ticker: BABA
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 8, 2026, 4:42 p.m. CEST): EUR 94.80
- Change versus prior close: minus 0.47 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 95.25
- Market capitalization: USD 254.6 billion (as of October 8, 2026)
- 52-week range: USD 91.99-182.50 (as of October 8, 2026)
- Sector / Industry: Consumer Discretionary / Internet Retail
Market context: Market report S&P 500.
