B of A Securities Maintains Buy on Alibaba Gr Holding, Raises Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Eddie Leung maintains a Buy rating on Alibaba Gr Holding (NYSE:BABA) and raises the price target from $137 to $142.
August 11, 2023 | 12:11 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Alibaba's price target has been raised from $137 to $142 by B of A Securities, maintaining a Buy rating.
The raised price target indicates the analyst's increased confidence in Alibaba's future performance. This could potentially attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100