Alibaba Group is trading 4.05% up now at ARS 20030 after Goldman Sachs maintained its Buy rating.
- Goldman Sachs forecast 53% cloud-revenue growth for the September quarter.
- The firm lowered its price target to $177 from $186 because of dilution from Alibaba’s HK$80 billion equity financing, not weaker operating expectations.
- Strong GPU-as-a-Service and Model-as-a-Service demand supports sentiment; broader technology strength adds support, though the move is company-specific.