12 Most Promising Growth Stocks According to Wall Street Analysts

9. Alibaba Group Holding Limited (NYSE:BABA)

Analyst Upside as of January 23, 2025: 39%

Number of Hedge Fund Holders: 115

Alibaba Group Holding Limited (NYSE:BABA) is a technology and internet retail company that operates e-commerce sites that serve consumers and small business owners. In addition to e-commerce, Alibaba Group (NYSE:BABA) is also involved in cloud computing, logistics, digital media, and entertainment.

On January 24, Thomas Chong, an analyst at Jefferies maintained a buy rating on BABA with a price target of $144. Chong gave a buy rating on the stock because of Alibaba’s growing efforts in driving tech advancements across several industries. In addition to that, the analyst also expects BABA’s efforts in product development to return solid revenue growth and cost synergies in 2025 and beyond. Overall, Chong remained optimistic about the company’s efforts in innovation. Similarly, on January 21, analyst firm, Bank of America Securities, assigned a buy rating on the stock with a price target of $117.

While the company has a growing cloud business, driven by its developments in AI, Alibaba’s (NYSE:BABA) strength lies in the uniqueness and efficiency of its e-commerce platforms, making it one of the most promising growth stocks to buy according to Wall Street analysts.