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Alibaba’s (BABA) Latest Results Highlight Powerful Cloud Momentum and Solid E-Commerce Gains

Alibaba Group Holding Limited (NYSE:BABA) reported strong financial results for its second quarter of fiscal 2026, showcasing significant growth in both its e-commerce and cloud segments. The company achieved a revenue of RMB 248 billion, reflecting a 5% year-over-year increase, while analysts noted a robust 34% growth in its cloud services, prompting Benchmark to reaffirm a 'Buy' rating with a price target of $195.

Alibaba’s (BABA) Latest Results Highlight Powerful Cloud Momentum and Solid E-Commerce Gains

Key Highlights

  • Alibaba's revenue for Q2 fiscal 2026 reached RMB 248 billion, exceeding estimates by RMB 3 billion.
  • Cloud segment growth was reported at 34% year-over-year.
  • Customer Management Revenue (CMR) increased by 10% year-over-year.
  • Benchmark reiterated its 'Buy' rating on Alibaba with a price target of $195.
  • Despite strong performance, adjusted EBITDA was slightly below sell-side forecasts.
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Sources

  1. Alibaba’s (BABA) Latest Results Highlight Powerful Cloud Momentum and Solid E-Commerce Gains
  2. Alibaba (BABA) Earns $195 Price Target as AI and Cloud Demand Accelerate

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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