Barclays Maintains Overweight on Alibaba Gr Holding, Lowers Price Target to $138
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on Alibaba Group Holding (NYSE:BABA) but lowered the price target from $144 to $138.
November 01, 2023 | 1:43 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Alibaba's price target has been lowered by Barclays from $144 to $138, although the Overweight rating is maintained.
The lowering of Alibaba's price target by Barclays indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that Barclays still sees the stock as a good investment in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100