B of A Securities Maintains Buy on Alibaba Group Holding, Raises Price Target to $137
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Eddie Leung maintains a Buy rating on Alibaba Group Holding (NYSE:BABA) and raises the price target from $132 to $137.
July 12, 2023 | 2:24 pm
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Alibaba Group Holding's price target has been raised from $132 to $137 by B of A Securities, maintaining a Buy rating.
The raised price target indicates the analyst's increased confidence in the company's future performance. This could potentially attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100