Susquehanna Maintains Positive on Alibaba Gr Holding, Lowers Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil maintains a Positive rating on Alibaba Group Holding (BABA) but lowers the price target from $150 to $135.

February 08, 2024 | 2:15 pm
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Susquehanna maintains a Positive rating on Alibaba Group Holding but lowers the price target from $150 to $135.
While the maintenance of a Positive rating by Susquehanna indicates continued confidence in Alibaba's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests that any negative impact might be limited.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100