Alibaba’s Qwen app has garnered attention as it integrates with Taobao, Alipay, Fliggy, and Amap, achieving 100 million monthly users in just two months. Jefferies maintains a “Buy” rating with a $225 price target, noting the app’s capability to perform over 400 daily tasks, marking a shift from mere functionality to practical application in consumers’ lives. Alibaba Cloud leads the AI Cloud sector with a 35.8% market share, aiming for substantial growth by capturing 80% of new industry revenue by 2026. Morgan Stanley also supports Alibaba, issuing an “Overweight” rating with a $180 price target, emphasizing consumer AI momentum despite potential short-term profit pressures from user acquisition. Overall, Wall Street shows strong confidence in Alibaba, with an average price target of $203.66, indicating a 19.15% upside. As the company approaches its next earnings report on February 19, analysts are eager to assess Qwen’s adoption and cloud revenue growth.
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