Check Out What Whales Are Doing With BABA
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Alibaba Group Holding (NYSE:BABA), with 57% of investors opening trades with bullish expectations. The whale has been targeting a price range from $60.0 to $270.0 for Alibaba over the last 3 months. The price of BABA is up 5.18% at $100.39. Baird downgraded its action to Outperform with a price target of $115, while B of A Securities maintained their Buy rating with a price target of $137.
July 28, 2023 | 6:15 pm
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POSITIVE IMPACT
Alibaba's stock is likely to be impacted by the bullish stance of a whale investor and the ratings from Baird and B of A Securities.
The bullish stance of a whale investor, who has been targeting a price range from $60.0 to $270.0 for Alibaba over the last 3 months, indicates a positive sentiment towards the stock. Additionally, the ratings from Baird and B of A Securities could influence other investors' perceptions and decisions, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100