Truist Securities Maintains Buy on Alibaba Gr Holding, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Youssef Squali has maintained a 'Buy' rating on Alibaba Group Holding (NYSE:BABA) and raised the price target from $130 to $135.
August 11, 2023 | 5:54 pm
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Alibaba's price target has been raised from $130 to $135 by Truist Securities, which maintains a 'Buy' rating on the stock.
The raised price target indicates that the analyst believes Alibaba's stock has potential for growth, which could lead to an increase in its stock price. The maintained 'Buy' rating also suggests that the analyst continues to view Alibaba as a good investment.
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