This Is What Whales Are Betting On Alibaba Group Holding
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Alibaba Group Holding (NYSE:BABA), with 69% of detected trades showing bullish expectations. Whales have been targeting a price range of $70 to $110 for Alibaba over the last 3 months. Analysts maintain Buy ratings with price targets ranging from $132 to $145.
May 30, 2023 | 1:46 pm
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Whale investor bullish on Alibaba, targeting $70-$110 price range. Analysts maintain Buy ratings with price targets ranging from $132 to $145.
The bullish stance of the whale investor and the maintained Buy ratings from multiple analysts indicate a positive short-term impact on Alibaba's stock price. The targeted price range of $70-$110 by whales and the higher price targets set by analysts suggest an upward trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100