"Barclays specifically flagged the 'Openclaw' agentic AI launch as a potential game-changer for enterprise monetization, arguing that cloud pricing increases of up to 34% signal a genuine shift from infrastructure buildout to revenue extraction."
"Morgan Stanley analyst Gary Yu echoed this view, saying the results 'show the explosive AI demand from strong token usage' and that 'the biggest implication is that it further strengthens commercialization of AI.'"
"Citi's $200 target, the most aggressive of the three, implies the market is significantly undervaluing Alibaba's full-stack AI position at current prices."
"On the AI side, AI-related product revenue posted triple-digit growth for the 10th consecutive quarter, and the Qwen app crossed 300 million monthly active users."
Alibaba Group's Q3 FY2026 earnings revealed a 67% year-over-year drop in non-GAAP net income to $2.39 billion, despite a 36% increase in Cloud Intelligence Group revenue to $6.19 billion. Revenue growth was only 2% year-over-year, missing expectations, while sales and marketing expenses rose significantly. However, AI-related product revenue continued to grow, indicating strong demand. Analysts maintained bullish price targets, emphasizing the importance of cloud acceleration and AI commercialization as key growth drivers for Alibaba's future.
Read at 24/7 Wall St.
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