Deutsche Bank Raises Alibaba Target Price on Cloud Growth

Deutsche Bank has raised its target price for Alibaba's stock. The bank's analysts stated that the primary reason behind this decision is Alibaba's strong growth performance in its cloud computing segment. This momentum in cloud services is expected to positively contribute to the company's overall revenue and profitability outlook. In its assessment, Deutsche Bank highlighted that Alibaba's cloud division is growing faster amid increasing demand in both local and global markets. The bank predicts that this growth could improve Alibaba's profitability profile, as it offers higher margins compared to the company's core business segments. Analysts noted that Alibaba's investments in the cloud space and its efforts to expand its customer base will likely become more evident in the company's financial results in the coming period. This factor was influential in setting the new target price for the stock. This is not an investment recommendation.

📊 BABA — Piyasa Yorumu

▲ up · 65%

Deutsche Bank has raised its target price for Alibaba, citing strong cloud business growth. This corporate endorsement is likely to be viewed positively and could provide near-term support for the stock. Technical indicators align with this bullish view: the price is trading above both its 20-day and 50-day moving averages, the RSI is neutral at 53, and the MACD is near but above its signal line. A 3% gain over the past 24 hours further confirms upward momentum. However, the MACD being just below the signal line and the RSI not approaching overbought territory suggest the rally may be limited.

RSI 14

53.0

MACD

1.37

24h Δ

3.03%

📊 9988.HK — Piyasa Yorumu

▲ up · 65%

Deutsche Bank has raised its target price for Alibaba, citing strong cloud business growth, reflecting a positive corporate outlook. Technically, the RSI stands at 57.5, indicating a neutral zone, while the MACD is above the signal line and positive, supporting short-term bullish momentum. The price is trading above both the 20-day and 50-day moving averages, suggesting an upward trend. Despite a 2.45% increase in the last 24 hours, the stock is not yet in overbought territory, leaving room for further upside. However, market-wide uncertainties and resistance levels temper high confidence.

RSI 14

57.5

MACD

1.01

24h Δ

2.45%

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