Mizuho Maintains Buy on Alibaba Gr Holding, Lowers Price Target to $95-Report released on 7th February 2024
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst James Lee maintains a Buy rating on Alibaba Group Holding (BABA) but lowers the price target from $100 to $95 as of 7th February 2024.

February 08, 2024 | 3:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Mizuho maintains a Buy rating on Alibaba Group Holding but lowers the price target from $100 to $95.
While the maintenance of a Buy rating suggests 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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100