Goldman Sachs Maintains Buy on Alibaba Gr Holding, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ronald Keung has maintained a Buy rating on Alibaba Group Holding (NYSE:BABA) but has lowered the price target from $121 to $105.
February 08, 2024 | 3:55 pm
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Goldman Sachs maintains a Buy rating on Alibaba Group Holding but lowers the price target from $121 to $105.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Alibaba's fundamentals and growth potential, the reduction in the price target could reflect adjustments in market conditions, valuation concerns, or both. 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 95
IMPORTANCE 90
RELEVANCE 100