Baird Maintains Outperform on Alibaba Gr Holding, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Colin Sebastian has maintained an Outperform rating on Alibaba Group Holding (NYSE:BABA) but has reduced the price target from $95 to $90.

January 19, 2024 | 7:27 pm
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Baird analyst Colin Sebastian maintains an Outperform rating on Alibaba Group Holding but lowers the price target from $95 to $90.
While the reduction in price target could suggest a slightly more cautious view on the stock's future performance, the maintenance of an Outperform rating indicates that the analyst still sees positive potential in Alibaba's stock. The impact on the stock price may be neutral to slightly negative in the short term as investors digest the mixed signals of a lower price target with a continued positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100