Alibaba Just Spent $19.3 Billion Buying Back Stock - Here's Why Smart Money Is Watching
Key Points
- Alibaba sees a 71% rise in net income but a 20% drop in stoc...
Alibaba is having what you might call a "complicated relationship status" with Wall Street. The Chinese tech giant just posted a 71% jump in net income while simultaneously watching its stock price take a 20% haircut since March. It's like getting a promotion and a parking ticket on the same day.
The numbers tell an interesting story: Q1 2026 earnings are expected to hit $2.13 per share on $35.28 billion in revenue. Analysts are waving "Strong Buy" flags with a $150 price target - about 22% higher than today's $122.94. Not bad for a company that some investors have been treating like yesterda...
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