Mizuho Maintains Buy on Alibaba Gr Holding, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst James Lee has maintained a Buy rating on Alibaba Group Holding (NYSE:BABA) but has reduced the price target from $120 to $100.

January 17, 2024 | 5:12 pm
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Mizuho has maintained a Buy rating on Alibaba but lowered the price target from $120 to $100, indicating a positive outlook but with reduced growth expectations.
While the Buy rating suggests that Mizuho still sees Alibaba as a good investment, the reduction in the price target may reflect concerns about slower growth or potential challenges the company may face. This could lead to mixed reactions in the market, with some investors seeing the lowered target as a sign to be cautious, while others may focus on the maintained Buy rating as a positive signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100