12 Analysts Assess Alibaba Gr Holding: What You Need To Know
Portfolio Pulse from Benzinga Insights
12 analysts have recently updated their evaluations of Alibaba Group Holding (NYSE:BABA), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $113.95, down from $132.40, indicating a 13.94% decline. Analysts from firms like Macquarie, Baird, and JP Morgan have adjusted their price targets and ratings, reflecting changes in market conditions and Alibaba's performance. Alibaba's financials show strong revenue growth and net margin but a below-average return on equity.
February 08, 2024 | 12:00 pm
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Alibaba's stock might face short-term pressure due to the lowered average price target and mixed analyst ratings. However, strong revenue growth and net margin could provide some support.
The mixed analyst ratings and lowered price target suggest uncertainty and potential short-term pressure on Alibaba's stock. However, the company's strong revenue growth and net margin, as highlighted in the financial analysis, indicate underlying strength that could mitigate negative impacts. The importance is high due to the direct impact of analyst ratings and price targets on investor sentiment and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100