Navigating Alibaba's Bumpy Road: Analyst Holds Positive, Adjusts Price Target Downward
Portfolio Pulse from Anusuya Lahiri
Susquehanna analyst Shyam Patil maintains a Positive rating on Alibaba Group Holding Ltd (NYSE:BABA) but lowers the price target from $175 to $160. Alibaba faces pressure from macro and pandemic impacts, but cost discipline continues to pay off. The company's restructuring is seen as a potential long-term value driver.
May 23, 2023 | 6:33 pm
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Susquehanna analyst Shyam Patil maintains a Positive rating on Alibaba but lowers the price target from $175 to $160. The company faces macro and pandemic pressures, but cost discipline and restructuring could drive long-term value.
The news of Susquehanna analyst maintaining a Positive rating on Alibaba but lowering the price target indicates mixed sentiment. While the company faces macro and pandemic pressures, its cost discipline and restructuring efforts could drive long-term value. This creates a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100