Barclays Remains a Buy on Alibaba Group Holding Limited (BABA)

Alibaba Group Holding Limited (NYSE:BABA) is one of the best long term low volatility stocks to buy right now. Alibaba Group Holding Limited (NYSE:BABA) received a rating update from Barclays analyst Jiong Shao on October 21, who maintained a Buy rating on the stock with a $190 price target.

The rating update followed Alibaba Group Holding Limited’s (NYSE:BABA) announcement with Ant Group Co., Ltd. on October 17, stating that they entered into an agreement to acquire several office floors at One Causeway Bay from the Mandarin Oriental International Group for approximately HK$7.2 billion (US $925 million). The floors would be used as their Hong Kong headquarters, and the acquisition marks the largest office property transaction in Hong Kong since 2021.

Management reported that the acquisition is a strategic investment by Ant Group Co., Ltd. and Alibaba Group Holding Limited (NYSE:BABA) in “recognition of Hong Kong’s status as an international business hub and global financial center”, along with its emerging role in the development of innovative technologies.

Alibaba Group Holding Limited (NYSE:BABA) manages and provides technology infrastructure and marketing platforms. It operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments.

While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.