Alibaba stock: JPMorgan cut target for Alibaba stock to USD 200.00

Published on 10/23/2026 at 16:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cloud revenue grew 45.00 percent in fiscal first quarter 2027. Alibaba stock costs EUR 89.40 on October 23, 2026, down 2.08 percent versus Xetra close.

Analyst target and cloud growth

JPMorgan Chase & Co. cut its Alibaba target to USD 200.00 on October 12, 2026.
Alibaba Cloud external revenue grew 45.00 percent in the first fiscal quarter of 2027.
Alibaba stock costs EUR 89.40 at Lang & Schwarz on October 23, 2026 at 4:39 p.m. CEST, 2.08 percent below the EUR 91.30 Xetra close of October 22, 2026.
Alibaba's next earnings date is December 1, 2026.

BABA, US01609W1027, Illustration mit AI erstellt.

JPMorgan Chase & Co. cut its Alibaba target from USD 210.00 to USD 200.00 in a note dated October 12, 2026, while keeping an overweight rating, as reported by MarketBeat. Alibaba stock was trading at EUR 89.40 at Lang & Schwarz on October 23, 2026 at 4:39 p.m. CEST, down 2.08 percent versus the Xetra close of October 22, 2026 at EUR 91.30.

Cloud growth reached 45.00 percent

Alibaba's first fiscal quarter of 2027 delivered the clearest operating contrast. In the earnings call dated August 20, 2026, Forecaster reported Alibaba Cloud external revenue growth of 45.00 percent and total group revenue growth of 9.00 percent. Adjusted EBITDA fell 30.00 percent to RMB 27.30 billion, while GAAP net income fell 75.00 percent to RMB 10.40 billion, reflecting lower operating income and weaker investment gains.

The same call put AI investment in concrete terms. Capital expenditure reached RMB 67.70 billion in the quarter, while AI-related product revenue reached RMB 12.40 billion and represented 35.00 percent of external cloud revenue. The figures point to faster cloud expansion alongside heavier spending.

Stock stays above its USD 91.99 low

Alibaba's NYSE quote was USD 100.31 at 10:55 a.m. ET on October 23, 2026, with a 52-week range of USD 91.99 to USD 182.50. The stock was down 1.49 percent on the session, with volume at 3,731,392 shares. The market capitalization was USD 249.5 billion and the price-to-earnings ratio was 22.42 at the same timestamp.

Valuation and December date

At USD 100.31, JPMorgan's USD 200.00 target lies 99.29 percent above the NYSE price. Alibaba's next earnings date is December 1, 2026, according to Forecaster. The date gives investors a defined point for testing whether cloud growth can offset the cost of AI infrastructure.

Comparison with peers

As of October 23, 2026 at 10:55 a.m. ET, Alibaba: down 2.08 percent versus the Xetra close, P/E 22.42, market capitalization USD 249.5 billion.

JD.com (Nasdaq, USD): down 0.95 percent, P/E 16.64, market capitalization USD 34.3 billion.

PDD Holdings (Nasdaq, USD): down 0.15 percent, P/E 8.35, market capitalization USD 112.5 billion.

Target cut meets operating acceleration

JPMorgan's lower target contrasts with Alibaba's 45.00 percent cloud growth, but the quarter also carried a 30.00 percent adjusted EBITDA decline. The next earnings release will test whether AI demand is translating into broader profitability.

The further course of trading is shown by the continuously updated real-time quote of Alibaba stock.