Alibaba (BABA) has shown strong bullish momentum recently, with the stock breaking out of a prolonged bottoming pattern. The Relative Strength Index (RSI) for BABA is currently at 53.46, indicating that the stock is not overbought. The MACD line is above the signal line, suggesting continued upward momentum.
The Fibonacci levels for BABA indicate a pivot point at $139.60, with resistance levels at $146.26 and $150.37. The stock is currently trading near the lower end of these resistance levels, suggesting potential upside.
Recent news highlights Alibaba's strong performance in AI and e-commerce, with significant advancements in its Qwen 2.5 model and a turnaround in its e-commerce business. Analysts have upgraded their price targets, with some setting targets as high as $190, indicating strong confidence in the stock's growth potential.
Based on the technical indicators and positive news sentiment, Alibaba's stock is expected to continue its upward trend. The stock is predicted to reach $146.26 in the next trading week.
Recommendation: Buy BABA at the current price level with a target of $146.26.
The price of BABA is predicted to go up 0.33%, based on the high correlation periods with LU. The similarity of these two price pattern on the periods is 95.63%.
BABA
LU
Year
BABA Price Forecast($)
Potential Return(%)
2025
84.740
-0.940
2026
160.000
20.750
2027
180.000
35.840
2028
180.000
35.840
2029
250.000
88.670
2030
250.000
88.670
Alibaba is able to maintain or increase its gross merchandise volume share in China's e-commerce space, demonstrating its ability to execute its turnaround strategy.
Alibaba successfully increases key metrics such as customer retention, purchase frequency, and average order value, driving gross merchandise volume growth to outperform the growth of China's online retail sales of physical goods.
Alibaba delivers better-than-expected adjusted EBITA margins despite competition and reinvestment.
Mizuho
2025-03-28
Price Target
$140 → $170
Upside
+28.37%
Benchmark
2025-02-26
Price Target
$190
Upside
+36.44%
Morgan Stanley
2025-02-24
Price Target
$100 → $180
Upside
+39.11%