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.

Sign up for Kiplinger’s Free E-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
Get Kiplinger Today newsletter — free
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.
-
Ask the Editor: Four Reader Tax Questions
Ask the Editor In our new Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions related to filing of tax returns and paying taxes.
By Joy Taylor Published
-
These Eight States Have the Most Expensive Home Insurance in 2025
If you live in one of these eight states, you’re probably paying $1,000 or more above the national average for home insurance.
By Rachael Green Published
-
Retiring With a Pension? Four Things to Know
The road to a secure retirement is slightly more intricate for people with pensions. Here are four key issues to consider to make the most out of yours.
By Joe F. Schmitz Jr., CFP®, ChFC® Published
-
How to Teach Your Kids About the Tax Facts of Life
Taxes are unavoidable, so it's important to teach children what to expect. Also, does your child need to file a tax return for 2024? Find out here.
By Neale Godfrey, Financial Literacy Expert Published
-
Stock Market Today: It's Going to Stay Choppy for Stocks
Auto-focus can show us a lot about uncertainty on the ground and in the stock market.
By David Dittman Published
-
Revocable Living Trusts: The Good, the Bad and the Ugly
People are conditioned to believe they should avoid probate at all costs, but when compared with living trusts, probate could be a smart choice for some folks.
By Charles A. Borek, JD, MBA, CPA Published
-
How to Plan for Retirement When Your Child Has Special Needs
When your child has special needs, your retirement plan should include a plan for when you'll no longer be able to care for them yourself. A five-step guide.
By Christopher M. Butterworth, ChSNC®, CRPS, CLU® Published
-
Stock Market Today: Auto Tariffs Send Stocks Lower
The main indexes snapped their win streaks after the White House confirmed President Trump will talk about auto tariffs after the close.
By Karee Venema Published
-
Tax Advantages of Oil and Gas Investments: What You Need to Know
Tax incentives allow for deductions and potential tax-free earnings — benefits accessible only to accredited investors in small producer projects.
By Daniel Goodwin Published
-
Charitable Contributions: Five Frequently Asked Questions
Make the most of your good intentions by understanding the ins and outs of charitable giving. A good starting point is knowing what's deductible and what isn't.
By Stephen B. Dunbar III, JD, CLU Published