# UBS analyst maintained a Buy rating on Alibaba Group Holding Ltd.

*business · news · 2026-04-10 · Markets Insider*

## Key points

- UBS set a new price target for Alibaba at HK$165.75 on April 8.
- Alibaba shares closed at HK$126.50, significantly below UBS's target.
- Jefferies analyst Thomas Chong also issued a Buy rating for Alibaba yesterday.
- 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/alibaba-group-holding-ltd-9988-gets-a-buy-from-ubs-1036009887)

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