0510 GMT - Alibaba is set to benefit from multiple growth drivers in the years ahead, Jefferies analysts say in a research note. AI-related revenue maintained strong momentum in the company's fiscal 2Q, with triple-digit growth for the ninth consecutive quarter, driven by public cloud revenue growth and rising adoption of AI-related products. Meanwhile, Alibaba which operates the Taobao and Tmall e-commerce platforms in China, is also "at the center of the consumption-driven" economy, supported by its technological strength compared with peers, the analysts add. Jefferies keeps a buy rating on the stock and slightly raises its target price on the ADRs to $231.00 from $230.00. The ADRs last closed at $157.01. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
November 26, 2025 00:10 ET (05:10 GMT)
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