Alibaba rallies on strong earnings and cloud momentum as analysts raise price targets

alibaba share price, baba stock [https://invezz.com/wp-content/uploads/2025/09/image-2025-06-10T201722.519.png] Alibaba Group shares surged in Hong Kong trading on Monday, boosted by optimism over its cloud business and improving e-commerce operations. The stock jumped as much as 19% to HK$137.50 (US$17.64), marking its biggest single-day gain in more than three years. It closed higher by more than 13%. It was also the top performer on the Hang Seng Index, which rose 2.2%. The rally followed a 13% surge in the company’s US-listed ADRs on Friday, after Alibaba posted robust quarterly earnings. Net profit rose 78% year-on-year in the April-June period, driven by strong demand for its cloud computing services and steady performance in retail. AI DRIVES CLOUD GROWTH AND INVESTOR CONFIDENCE Cloud revenue rose 26% in the quarter, supported by surging demand for artificial intelligence applications. Chief Executive Eddie Wu described “AI plus cloud” as one of Alibaba’s two core growth engines, alongside e-commerce. The results prompted a wave of analyst upgrades. Daiwa Capital Markets analysts John Choi and Robin Leung said profitability in Alibaba’s quick commerce unit is improving faster than expected, while…