UOB raises Alibaba target to HKD 189: Alibaba Group stock falls 2.32 percent

Published on 10/21/2026 at 11:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alibaba Group stock costs EUR 94.55 on October 21, 2026, 2.32 percent below the Xetra close. UOB expects RMB 270 billion revenue.

Cloud growth and November reporting date

UOB raised its Alibaba target to HKD 189.00 on October 21, 2026.
UOB forecasts RMB 270.00 billion in September-quarter revenue and RMB 29.40 billion in adjusted EBITA.
Alibaba Group stock trades at EUR 94.55 at 11:48 a.m. CEST at Lang & Schwarz on October 21, 2026, 2.32 percent below the Xetra close of October 20, 2026.
Alibaba is scheduled to report its next results on November 24, 2026.

BABA, US01609W1027, Illustration mit AI erstellt.

Alibaba Group (ISIN US01609W1027) stock was trading at EUR 94.55 at Lang & Schwarz on October 21, 2026, 2.32 percent below the October 20 Xetra close of EUR 96.80. On October 21, UOB Kay Hian maintained its Buy rating and raised its Alibaba target from HKD 188.00 to HKD 189.00, according to UOB Kay Hian.

Cloud growth supports the higher target

UOB expects Alibaba's September-quarter revenue to reach RMB 270.00 billion, representing 9.00 percent year-over-year growth. The research house forecasts adjusted EBITA of RMB 29.40 billion, compared with RMB 9.10 billion in the same quarter last year and RMB 27.30 billion in the previous quarter.

The cloud division is the main earnings lever in the forecast. UOB expects AI Cloud and Compute Services revenue growth to exceed 50.00 percent year over year in the September quarter, up from 45.00 percent in the June quarter, while cloud adjusted EBITA margin could reach 12.00 percent.

What does the target increase mean?

The HKD 1.00 increase in UOB's target is tied to improving cloud profitability and narrower losses in instant retail and AI Labs and Applications. UOB also said Alibaba's long-term cloud margin target could reach 20.00 percent by the end of 2027, giving the higher valuation a specific operating basis.

Three dated capital moves

On August 23, 2026, Alibaba proposed a HKD 80.00 billion placing of new Hong Kong shares. On August 24, 2026, the company announced pricing for the HKD 80.00 billion transaction. On August 26, 2026, Alibaba announced completion of the placing, according to the company's investor-relations page at Alibaba Group.

November results set the next date

Alibaba is scheduled to report its next results on November 24, 2026, before the market opens, according to Gekko. The report will test whether cloud growth can offset weaker e-commerce trends and the cost of AI investment.

Alibaba stock remains under pressure

Alibaba Group stock stood at EUR 94.55 at Lang & Schwarz on October 21, 2026 at 11:48 a.m. CEST, 2.32 percent below the Xetra close of October 20, 2026 at EUR 96.80. The further course of trading is shown by the continuously updated real-time quote of Alibaba Group stock.