Loop Capital Maintains Buy on Alibaba Group Holding, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Rob Sanderson maintains a Buy rating on Alibaba Group Holding (NYSE:BABA) and raises the price target from $130 to $135.
June 20, 2023 | 4:57 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Alibaba's price target has been raised from $130 to $135 by Loop Capital, maintaining a Buy rating.
The news of Loop Capital raising Alibaba's price target and maintaining a Buy rating is positive for the company. This indicates that the analyst believes the stock has potential for growth in the short term, which could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100