On September 18, BABA-W rose 3.24% in regular trading, trading at HK$108.2/share, with turnover of HK$880 million.

On the news front, the overnight Nasdaq surged over 430 points as capital rotated back into the semiconductor sector, fueling a broad-based tech rebound. Hong Kong's three major indices opened higher, with internet and technology stocks rallying across the board. BABA-W was lifted by the improved external sentiment.

On the fundamental side, Goldman Sachs lowered its 12-month target price for BABA-W to HK$172 and its US-listed ADR target to US$177 to reflect equity dilution effects, but maintained a \"Buy\" rating. Notably, the bank raised its September-quarter cloud revenue growth estimate to 53%, citing strong computing power demand. Separately, Jefferies also reiterated a \"Buy\" rating with a HK$184 target price, underscoring continued institutional confidence in the company's AI-driven cloud momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)