Loop Capital Maintains Buy Rating for Alibaba Group Holding: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Loop Capital maintains its Buy rating for Alibaba Group Holding (NYSE:BABA) and raises its price target from $130 to $135, a potential 53.99% increase from the current share price. Alibaba's shares are trading down 4.81% over the last 24 hours.
June 20, 2023 | 5:03 pm
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Loop Capital maintains Buy rating for Alibaba (NYSE:BABA) and raises price target to $135, a potential 53.99% increase. Shares are down 4.81% over the last 24 hours.
Loop Capital's decision to maintain a Buy rating and raise the price target for Alibaba indicates a positive outlook for the company's stock. The potential 53.99% increase in share price suggests that the analyst believes Alibaba's stock is undervalued. This news is highly relevant and important for investors in Alibaba, as it provides a positive outlook for the stock's short-term performance. The confidence in this analysis is high, as it is based on the expert opinion of a financial analyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100