genai / news / / Benzinga
Alibaba Group Holding Limited (NYSE:BABA) is trading lower during Tuesday’s premarket session.
Citi maintains Alibaba as its top pick for AI investment in China with a $205 target.
KEY POINTS
- Alibaba is trading above its 20- and 50-day SMAs but remains below the 100- and 200-day SMAs.
- The death cross from April still signals longer-term caution for Alibaba's stock trend.
- Alibaba's upcoming earnings estimate implies a YoY EPS decline but revenue growth.
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