Alibaba Stock's Set to End September With a Bang. Here's Why
Alibaba stock is headed toward its best month since December 2022 and Wall Street sees even more upside ahead. Here's what you need to know.


Alibaba Group Holding (BABA) stock is trading modestly higher in Monday's session, building on recent gains that have the Chinese e-commerce giant on track for its best monthly share-price performance in nearly two years.
Indeed, Alibaba stock is up more than 29% since the start of September, putting it on track for its biggest one-month gain since the 33.8% price return it generated in December 2022.
BABA began this recent run higher following the company's strong second-quarter earnings results back in mid-August. The rally intensified in mid-September after Alibaba released over 100 artificial intelligence (AI) models and a new text-to-video tool.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
More recently, shares are up more than 21% since those AI announcements, driven by reports of massive stimulus measures by the People's Bank of China, which cut its short-term interest rate and lowered the amount of capital reserves banks are required to carry, among other initiatives.
David Tepper's a fan of Alibaba stock
A bullish outlook from billionaire investor David Tepper only created bigger tailwinds for BABA stock in September.
"I thought that what the Fed did [this month] would lead to China easing, and I didn't know that they were going to bring out the big guns like they did," Tepper said in a recent interview with CNBC. "We got a little bit longer, [buying] more Chinese stocks."
Tepper went on to say that he bought a little more of "everything," including Alibaba.
Even before the post-Fed buying, Alibaba was the largest position in Tepper's portfolio at his Appaloosa Management hedge fund. BABA accounted for more than 12% of the portfolio as of June 30, according to WhaleWisdom.
What do analysts think of BABA stock?
Tepper's not the only one that's upbeat toward Alibaba stock. Wall Street is bullish on the e-commerce giant too. According to S&P Global Market Intelligence, analysts' consensus recommendation is a Strong Buy.
Financial services firm Jefferies has a Buy rating on BABA stock and a $116 price target.
"Alibaba has multiple growth drivers in the years ahead, in our view, with its core marketplace a strong cash cow that enjoys secular growth momentum amid consumption upgrade in China," said Jefferies analyst Thomas Chong in a September 19 note.
Chong went on to note that BABA is the "center of the consumption-driven economy and online shopping" in China and that its cloud computing unit has "clear market leadership as the backbone of digitalization across different industries."
Related Content
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
Why is My First Medicare Bill So High?
Your first Medicare bill may be higher than expected for several reasons. If your premiums aren't taken out of your Social Security benefit, the bill can be huge.
-
11 Unforgettable Road Trips to Take in Retirement
More than a travel trend, the road trip is a quintessential American tradition, with millions of us taking them each year. Here's a guide to helping you choose your next adventure.
-
I'm a Financial Professional: Here Are Four Ways You Can Use Debt to Build Wealth
Using debt strategically, such as for homeownership, education and more, can lead to greater financial stability and growth.
-
Five Key Wake-Up Calls for Ambitious Business Owners, From a Biz Specialist
Your personal financial plan needs to include a formal exit strategy for your business, or you could be in trouble.
-
I'm a Retirement Psychologist: Here's Why Doing What You 'Ought' in Retirement Beats Doing Whatever You Want
True retirement freedom isn't about simply doing whatever you want, but about finding purpose and direction through commitments that align with your deepest values and allow you to contribute meaningfully.
-
Tactical Roth Conversions: Why 2025-2028 Is a Critical Window for Retirees
The One Big Beautiful Bill (OBBB) extended today's low tax brackets, but they may not last. Here's how smart planning now can prevent costly tax surprises later.
-
Ready to Retire? It's Not Too Late to Convert to a Roth IRA
Millions of Americans are turning 65 this year. If you're retiring soon, don't dismiss the idea of a Roth conversion — it could still be a smart move even now.
-
9 Warren Buffett Quotes for Investors to Live By
Warren Buffett transformed Berkshire Hathaway from a struggling textile firm to a sprawling conglomerate and investment vehicle. Here's how he did it.
-
I'm a Financial Adviser: Three Things You Will Wish You Did Before the Fed Cuts Interest Rates
With potential interest rate cuts on the horizon, you might want to lock in today's higher yields and consider adjusting your asset allocation.
-
Simple Ways to Save on Back-to-School Shopping This Year
Set a budget and stick to it, scour the house for what you already have, decorate backpacks and lunch boxes with your kids and consider buying some items during holiday sales.