Susquehanna Maintains Positive on Alibaba Group Holding, Lowers Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil maintains a Positive rating on Alibaba Group Holding (NYSE:BABA) but lowers the price target from $175 to $160.
May 23, 2023 | 10:54 am
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NEUTRAL IMPACT
Susquehanna analyst Shyam Patil maintains a Positive rating on Alibaba Group Holding (NYSE:BABA) but lowers the price target from $175 to $160.
The news of Susquehanna maintaining a Positive rating on Alibaba Group Holding indicates continued confidence in the company's performance. However, the lowering of the price target from $175 to $160 suggests a more conservative outlook on the stock's potential growth. This mixed sentiment may result in a neutral short-term impact on BABA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100