This Is What Whales Are Betting On Alibaba Gr Holding
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Alibaba Group Holding (NYSE:BABA), with 64% of investors opening trades with bullish expectations and 35% with bearish. The whale has been targeting a price range from $70.0 to $105.0 for Alibaba over the last 3 months. The price of BABA is up 0.75% at $95.36. Several financial institutions have maintained or upgraded their ratings on Alibaba, with price targets ranging from $100 to $180.
September 06, 2023 | 2:17 pm
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POSITIVE IMPACT
Bullish stance by a whale investor and positive ratings from financial institutions could boost Alibaba's stock in the short term. However, the stock is approaching overbought territory, which may limit the upside.
The bullish stance by a whale investor and positive ratings from financial institutions indicate strong investor confidence in Alibaba, which could drive the stock price up in the short term. However, the stock is approaching overbought territory according to RSI indicators, which suggests that it may be overvalued and could face a price correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100