Alibaba Cloud announces steep price cut in race for AI customers

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Go back to Alibaba Cloud announces steep price cut in race for AI customers

Alibaba (BABA) Mentioned Positively at Citi

February 29, 2024 7:35 AM EST

Citi analyst Alicia Yap reiterated a Buy rating and $126.00 price target on Alibaba (NYSE: BABA).

The analyst comments "Today AliCloud announced a new round of price cuts on its core products on average of 20%, with a maximum of 55%. Recall that the... More