Summary:
⚈ Despite April’s 25% drop, BABA is still up over 42% year-to-date.
⚈ 54 of 58 analysts rate the stock a ‘buy’ or ‘strong buy’ as of May 1.
Michael Burry’s biggest holding, e-commerce and technology giant Alibaba (NYSE: BABA), has lost some of its luster in April as the Liberation Day announcement led the stock to plunge more than 25% in a week.
Though the majority of discussions surrounding the trade war’s impact have focused on the U.S., it is undeniable that the tariffs are taking a toll on Chinese companies as well.
Despite this, Wall Street analysts remain overwhelmingly bullish about BABA shares for the next year.
On average, experts estimate that Alibaba stock is set to rally 37.96% to $164.77 over the next 12 months, while the highest prediction even foresees a 62.71% surge to $194.33, according to data retrieved by Finbold from the stock analysis network TradingView on May 1.
The latest analyst rating revisions shows that BABA’s equity has faced little reduction in bullishness following its most recent struggles. Specifically, Mizuho confirmed on March 28 that it considers Alibaba shares a ‘buy,’ with the potential to reach $170, 42% above the latest closing price of $119.43, within the next 52 weeks.
Similarly, on April 8, Citi (NYSE: C) downgraded its price forecast by $1 from $170 to $169, while retaining the ‘buy’ rating.
Wall Street remains uncertain despite Alibaba stock resilience
Analysts have largely refrained from updating their forecasts for Alibaba in April, suggesting caution toward one of China’s most prominent companies. The lowest price target of $94.55 underscores that not all sentiment is bullish, though, overall, optimism remains strong.
Still, though not universal, bullishness is overwhelming. Out of the 58 experts represented on TradingView as of May 1, 54 believe Alibaba shares are either a ‘buy’ or a ‘strong buy,’ three see it as a ‘hold,’ and only one opted to rate them as a ‘strong sell.’
The attitudes are easy to understand once BABA’s stock market performance is examined. Although at their press time price of $120.53, it is true that Alibaba shares are 18.32% below their 2025 highs of $147.57, they remain 42.15% up year-to-date (YTD).
Furthermore, BABA stock promises to continue rallying, as its trend has been steadily upward since it hit a 30-day low of $99.37 on April 7.
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