Alibaba Stock Faces Sharp Pullback, But Wall Street Still Sees Strong Upside
Alibaba took a sharp hit in April, with its stock plunging over 25% in a single week following the Liberation Day announcement—a signal of how geopolitical developments continue to rattle Chinese equities.
Although much attention remains on the U.S. side of the trade war, it’s increasingly evident that the impact cuts both ways.
Despite the drop, most Wall Street analysts are holding their ground. Forecasts suggest Alibaba could rebound nearly 38% over the next 12 months, with a consensus price target of $164.77. The most optimistic outlook even places the stock as high as $194.33, based on data from TradingView as of May 1.
Analyst sentiment remains largely intact. Mizuho reaffirmed its $170 target and ‘buy’ rating in late March, and Citi made only a minor downward revision in April—reducing its forecast from $170 to $169 while maintaining a bullish view.
Though Alibaba’s stock closed at $120.53—down from its 2025 high of $147.57—it remains up more than 42% year-to-date. The price has shown a consistent upward trend since touching a 30-day low of $99.37 on April 7.
Of the 58 analysts tracked by TradingView, 54 currently rate Alibaba a ‘buy’ or ‘strong buy.’ Only one considers it a ‘strong sell,’ while three suggest a ‘hold.’ Even with some cautious voices emerging—one projecting a potential dip to $94.55—most see the current volatility as temporary.
As Alibaba continues to recover, all eyes are on whether broader market conditions and trade policy shifts will allow that momentum to build—or stall it in its tracks.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
