Nasdaq BABA Alibaba

The easing of restrictions following stringent lockdowns sparked improved sentiment about Chinese stocks in 2023. However, Chinese stocks could get adversely impacted by rising political tensions between the U.S. and China, with both countries accusing each other of flying spy balloons. Keeping in mind these dynamics, using TipRanks’ Stock Comparison Tool, we placed Alibaba ( NYSE:BABA ), XPeng ( NYSE:XPEV ), and JD.com ( NASDAQ:JD ) against each other to pick Wall Street’s favorite Chinese stock.  Alibaba (NYSE:BABA) A regulatory crackdown, the resurgence of COVID-19 in China, delisting concerns, and growing competition in the e-commerce space weighed on Alibaba shares last year. In Q2 FY23 (September 2022 quarter), cloud segment revenue growth slowed down to 4% compared to 10% in Q1 FY23, adding to investors’ concerns.  Nonetheless, Wall Street is optimistic about Alibaba’s long-term potential in the e-commerce and cloud computing markets as well as growth prospects in the artificial intelligence (AI) space. Several analysts expect the company’s financials to improve in the upcoming quarters as macro pressure eases.  Is BABA a Good Stock to Buy? Recently, Benchmark analyst Fawne Jiang reiterated a Buy rating on Alibaba with a price target of $180. Alibaba is scheduled to report its December quarter results later this month. The analyst expects retail and e-commerce growth to remain subdued in the December (Q3 FY23) quarter. Jiang slightly raised Q3 FY23 revenue estimates to RMB 244.9 billion from RMB 244.6 billion. He also increased his Q3 FY23 adjusted EBITDA forecast to RMB 52.5 billion from RMB 51.5 billion to indicate better-than-anticipated cost controls. Jiang expects inflection in the June quarter (Q1 FY24), with reaccelerated growth projected in FY24. Overall, Alibaba earns the Street’s Strong Buy consensus rating based on 16 unanimous Buys. The average BABA stock price target of $138.53 suggests about 33% upside potential. BABA shares have moved up by over 18% in 2023. XPeng (NYSE:XPEV) Like many other electric vehicle (EV) makers, XPeng was also hit by production and supply chain issues due to China’s strict COVID-19 restrictions. Moreover, competition in the Chinese EV market is growing rapidly. XPeng delivered 120,757 vehicles in 2022, marking a 23% increase year-over-year but significantly lagging the initial target of 250,000 deliveries.   Moreover, XPeng disappointed investors by starting the year on a weak note. Its January deliveries came in at 5,218 vehicles, reflecting a decline of nearly 60% year-over-year and 53.8% month-over-month. The company blamed the seasonal slowdown during the Chinese New Year holiday period, which began in mid-January, for the weak numbers. Last month, CEO He Xiaopeng told Bloomberg News that the company has pushed back its profitability goal and now expects to deliver an operating profit in 2025 compared to its price target to break even by late 2023 or early 2024. The company is focusing on full self-driving technology to achieve its profitability goal. XPeng is also streamlining its manufacturing to improve efficiency and control costs.    XPeng’s profitability over the near term is expected to be impacted by the ongoing price wars triggered by Tesla ( NASDAQ:TSLA ). Following Tesla, XPeng also announced price cuts on some of its models to boost volumes and stay competitive. XPeng’s performance might improve in the quarters ahead due to its upcoming launches and expansion into Europe. What is the Target Price for XPeng Stock? Several analysts have downgraded XPeng over recent months. This week, Macquarie analyst Erica Chen downgraded XPeng to Sell from Hold. Wall Street’s Hold consensus rating for XPeng is based on seven Buys, three Holds, and four Sells. The average XPeng stock price target of $11.72 suggests 24.2% upside potential. Shares are down 5% year-to-date. JD.com (NASDAQ:JD) JD.com is one of the leading online retailers in China and also has a presence in logistics, fintech, and healthcare markets. Despite COVID-led headwinds and macro pressures, JD.com’s Q3 2022 revenue growth accelerated to 11.4% from 5.4% in Q2 2022. Higher sales and a focus on efficiency helped the company in generating better-than-expected earnings. Looking ahead, JD is seeking growth in new AI-based applications and recently announced that it plans to launch a ChatGPT-like product. What is the Forecast for JD Stock? Mizuho Securities analyst James Lee expects December 2022 quarter to be “soft” for the Chinese internet space, given the impact of COVID-19 on business activity and consumer sentiment. Nonetheless, Lee pointed out that his firm’s early checks from late December through the Chinese New Year holidays “have been increasingly positive,” as indicated by solid consumer discretionary spending. Lee expects JD’s Q4 2022 revenue to rise 7.5% year-over-year. He projects the net margin to improve by 60 basis points to 1.9%, driven by higher efficiency in core e-commerce and cost controls on new investments. The analyst expects revenue to resume double-digit growth starting Q2 2023. Lee called JD and Baidu his top picks and expects both companies to gain market share from regulatory policies and a competitive environment. The analyst reiterated a Buy rating and raised the price target for JD stock from $82 to $85. All in all, JD scores Wall Street’s Strong Buy consensus rating based on 10 Buys and one Hold. The average JD stock price target of $85.36 suggests 63.2% upside potential. Shares have declined 7% since the start of this year.   Conclusion A rebound in business following the reopening of the Chinese economy is expected to improve the prospects for Chinese companies. However, U.S.-China tensions and macro pressures could impact the pace of recovery. Currently, Wall Street is more bullish on JD.com and sees higher upside potential in the stock compared to Alibaba and XPeng.   Disclosure

Artificial Intelligence stocks have been surging on the back of the hype surrounding ChatGPT, the viral AI chatbot that reached 100 million users in just two months.

Alibaba (BABA) closed at $104.79 in the latest trading session, marking a +1.1% move from the prior day. This move lagged the S&P 500's daily gain of 1.15%. Elsewhere, the Dow gained 1.11%, while the tech-heavy Nasdaq added 11.35%.

China's capital Beijing will support leading enterprises in building large artificial intelligence (AI) models that can challenge ChatGPT, the city's economy and information technology bureau said on Monday.

On November 30, 2022, ChatGPT took the world by storm. Built by San Francisco-based OpenAI, a Microsoft ( NASDAQ:MSFT )-backed startup, ChatGPT has attracted Internet users looking for straight answers to their questions -- rather than a series of suggested links. It's delighted students, too, who've used the new AI chatbot to turn a one-line prompt into an original 2,500-word term paper. And… it's lit a fire under Microsoft rival Alphabet ( NASDAQ:GOOG ), which is now under pressure to come up with an alternative product or risk becoming irrelevant. On Wednesday, Google announced version 1.0 of its response, a chatbot of its own named "Bard." The initial demo didn't go well, however, with Bard responding to an inquiry by (wrongly) asserting that the James Webb Space Telescope was the first telescope to photograph a planet outside of our solar system (In fact, a Chilean telescope was first).  Oops. More than just an embarrassment, that mistake seems to have sparked a selloff in Alphabet stock, as investors absorbed the implication that Alphabet -- believed to be a leader in AI -- is subject to the same limitations that others have pointed out in ChatGPT. Can Alphabet recover from its fumble, though? This is the question that Goldman Sachs analyst Eric Sheridan tackled in a wide-ranging note covering Alphabet's various artificial intelligence and machine learning initiatives. The "AI arms race," argues Sheridan, will be "the dominant investing theme" among tech stocks for at least the next few months as Microsoft and Alphabet -- and Amazon ( NASDAQ:AMZN ), Meta ( NASDAQ:FB ), Apple ( NASDAQ:AAPL ), Baidu ( NASDAQ:BIDU ), and Alibaba ( NYSE:BABA ), too -- all vie for supremacy in this space, and throw "tens of billions of dollars" into the effort to build increasingly better AI mousetraps. Which company will emerge victorious -- Sheridan doesn't even try to guess, admitting it's simply too "difficult to forecast." But one thing the analyst does think certain: Whoever wins, and regardless of whether the winner is single, or whether multiple platforms end up with a piece of the AI market, the cost of this effort will take a toll on Alphabet in the short term. Proceeding from an estimate that Alphabet has already spent anywhere from $27 billion to $137 billion on AI research to date, and guessing at what it might have to spend to keep up with the AI arms race in future years, Sheridan warns that investors can expect Alphabet's gross profit margin to shrink by somewhere between 60 basis points and 230 basis points over the next couple years. True, Alphabet regularly rakes in gross profit margins of 55% and up today, so even a full two percentage-point decline will hardly kill the business. But it might hurt. Additionally, there's the risk to market share -- and the revenues those gross margins are applied to. As Microsoft has observed, it's currently really a runner-up in internet search, so all Microsoft really has to do with its Bing-ChatGPT partnership is add a few customers and steal a few points of market share from Google -- and it will come out of this a winner. As the dominant player in search and search advertising, however, Alphabet must run simply to stay in place. This makes AI less of an opportunity for Alphabet, and more of a costly necessity. For this reason, it's curious that after outlining all the risks, Overall, however, Sheridan comes to the conclusion that Alphabet stock is a "buy" and worth 31% more than it costs today -- $124.60 a share. (See Sheridan's track record, click here) Alphabet is that rare beast - a stock with plenty of coverage where everyone is in agreement. It has garnered 32 analyst reviews over the past 3 months – all Buys – naturally making the consensus view here a Strong Buy. The average target currently stands at $129.34, implying the shares will deliver returns of ~37% over the one-year timeframe. (See GOOGL stock forecast ) To find good ideas for stocks trading at attractive valuations, visit TipRanks’  Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights. Disclaimer : The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about 13.78 billion rupees ($167.14 million) through a block deal, stock exchange data showed on Friday.

Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise.

China's video games regulator on Friday approved 87 new video games for the month of Feburary including titles under Tencent Holdings, Alibaba Group and NetEase.

China's Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm through a block deal, India's ANI reported on Friday, citing sources with knowledge of the matter.

What happened After selling off 11% on Tuesday, shares of artificial intelligence stock C3.ai (NYSE: AI) roared back this morning, gaining 8.9% through 10:30 a.m. ET. It wasn't anything that C3.ai said or did, however, that sparked this rally.

For Immediate ReleaseChicago, IL – February 8, 2023 – Today, Zacks Equity Research discusses Alibaba BABA, Expedia EXPE and MercadoLibre MELI.

China's Alibaba Group on Wednesday said it is developing a ChatGPT-style artificial intelligence (AI) tool and that it was currently in internal testing.

Despite relatively muted volatility in the stock market recently, the past few years in the market have been emotionally volatile. Given the beatdown growth investors had in 2022, many are now looking for reliable businesses with staying power and long-term growth potential. E-co

Alibaba's (NYSE: BABA) stock is up more than 20% this year as China relaxed the zero-COVID restrictions that were throttling its economic growth. Is it too late to buy Alibaba right now, or does it still have more room to run this year?

This year is likely to see a return to normalcy with ecommerce taking away bigger and bigger slices of the total retail pie. The trend started last year itself, as can be seen from the third-quarter (last-reported) data from the Commerce Department: ecommerce sales in the

Alibaba Group subsidiary, Daraz Group, an e-commerce platform, is reducing its workforce by 11% to prepare for the 'current market reality', the group's CEO Bjarke Mikkelsen said in a letter to employees shared on the company website.

Alibaba (BABA) closed at $105.45 in the latest trading session, marking a -0.83% move from the prior day. This change lagged the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq lost 0.67%.

Global equity markets fell and the dollar firmed on Monday after data showing a resilient U.S. jobs market suggested interest rates will stay higher for longer as central banks fight to slow inflation amid relatively strong economic growth.

Global equity markets slid and the dollar firmed on Monday after data showing a resilient U.S. jobs market suggested interest rates will stay higher for longer as central banks fight to slow inflation amid relatively strong economic growth.