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Shares of Alibaba (NYSE: BABA) rose by 4.4% following a positive cloud event last week, with the company increasing its cloud spending forecast to over $53 billion. Analysts at Morgan Stanley and Jefferies responded by raising their price targets significantly, with Morgan Stanley increasing its target from $165 to $200, citing anticipated cloud growth of 32% in fiscal 2026 and 40% in 2027.
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