Barclays Maintains Overweight on Alibaba Gr Holding, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on Alibaba Group Holding (BABA) but has reduced the price target from $138 to $109.

January 12, 2024 | 11:41 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Barclays has maintained an Overweight rating on Alibaba but lowered the price target from $138 to $109, indicating a potential upside but with caution.
While the Overweight rating suggests that Barclays believes Alibaba's stock will outperform the average return of the stocks Barclays covers, the reduction in the price target could imply that there are factors that might limit the stock's upside potential in the short term. Investors may react to the lowered price target with caution, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100