# Daiwa maintained a Buy rating on Alibaba Group Holding Ltd.

*business · news · 2026-04-11 · Markets Insider*

## Key points

- Daiwa maintained a Buy rating on Alibaba with a price target of HK$184.00.
- Alibaba's shares closed at HK$122.90, significantly below the analyst price targets.
- CGS International also reiterated a Buy rating with a HK$175.00 price target.
- Alibaba's net profit dropped to HK$21.02 billion from HK$44.03 billion year-over-year.

**Companies:** Alibaba Group Holding Ltd.
**Countries:** China

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/daiwa-keeps-their-buy-rating-on-alibaba-group-holding-ltd-9988-1036012744)

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