Wall Street Stays Bullish on Alibaba Despite Profit Drop: Key Analyst Price Targets Today

Alibaba Stumbles Again -- But Is a Rebound Closer Than It Looks?

Key PointsAlibaba's profits plunged 66% year over year in its latest quarter.However, the bottom-line deterioration was due to increased technology investments that could pay off handsomely.10 stocks we like better than Alibaba Group › A positive start to the year for Alibaba Group Holding Ltd. (NYSE: BABA) has turned decidedly negative. That's especially true after the Chinese e-commerce and cloud services company reported the results from its …

Wall Street Stays Bullish on Alibaba Despite Profit Drop: Key Analyst Price Targets Today

Quick Read Alibaba (BABA) reported Q3 FY2026 revenue of $40.73B, missing expectations by 2%, while Cloud Intelligence Group revenue accelerated 36% to $6.19B and Taobao Instant Commerce surged 56% to $2.98B, though non-GAAP net income fell 67% year-over-year to $2.39B due to aggressive quick commerce spending. Alibaba is deliberately sacrificing near-term profitability to build commercialization of its full-stack AI platform, with three analys…