Wall Street Stays Bullish on Alibaba Despite Profit Drop: Key Analyst Price Targets Today

Non-GAAP net income fell 67% YoY to $2.39B in Q3 FY2026, while Cloud Intelligence Group revenue grew 36% YoY to $6.19B. The results present a split view—sharp profitability decline alongside robust cloud growth—likely to focus investor attention on margin drivers and the pace of cloud monetization.

Analysis

Non-GAAP net income fell 67% YoY to $2.39B in Q3 FY2026, while Cloud Intelligence Group revenue grew 36% YoY to $6.19B. The results present a split view—sharp profitability decline alongside robust cloud growth—likely to focus investor attention on margin drivers and the pace of cloud monetization.