B of A Securities Maintains Buy on Alibaba Group Holding, Lowers Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Eddie Leung maintains a Buy rating on Alibaba Group Holding (NYSE:BABA) but lowers the price target from $144 to $132.

May 19, 2023 | 11:19 am
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Alibaba's price target has been lowered from $144 to $132 by B of A Securities, but the Buy rating is maintained.
B of A Securities analyst Eddie Leung has lowered Alibaba's price target from $144 to $132, but still maintains a Buy rating. This change in price target may cause some short-term uncertainty among investors, but the maintained Buy rating suggests that the overall outlook for the stock remains positive. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100