Alibaba CPO Sells Shares as Analyst Holds on $170 Target After 67% Profit Slump
Alibaba’s CPO Jiang Fang sold 16,848 shares at $16.10, leaving him with 5.55 million shares following a 15% decline over the past month. Susquehanna maintains a Positive rating with a $170 target after cutting from $190 as Q3 revenue missed estimates and AI/cloud spending drove profits down 67%.
1. Insider Share Sale
On March 25, 2026, Chief People Officer Jiang Fang sold 16,848 shares at $16.10 each, retaining 5,554,653 shares after the transaction. The sale comes as Alibaba’s stock has fallen approximately 15% over the past month and nearly 19% year-to-date.
2. Analyst Rating Revision
Susquehanna analyst maintained a Positive rating and lowered the price target from $190 to $170 after Q3 FY2026 revenue and profitability came in below expectations. Heavy AI and cloud spending drove profits down 67%, despite the target implying substantial upside from current levels.
3. AI and Cloud Growth Strategy
Alibaba is shifting focus toward artificial intelligence and cloud computing, aiming to generate over $100 billion in annual revenue from these segments within five years. This strategic investment has slowed current revenue growth but underpins long-term transformation goals.