Morgan Stanley Maintains Equal-Weight on Alibaba Gr Holding, Maintains $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Gary Yu has maintained an Equal-Weight rating on Alibaba Group Holding (BABA) and has also maintained the price target of $85.

April 09, 2024 | 12:09 pm
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Morgan Stanley maintains an Equal-Weight rating on Alibaba Group Holding with a price target of $85.
The maintenance of an Equal-Weight rating and price target by a major analyst like Morgan Stanley suggests a neutral outlook on Alibaba's stock in the short term. This indicates that the analyst sees the company's stock as fairly valued at its current price, suggesting no significant short-term price movement expected.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100