Citigroup Maintains Buy on Alibaba Gr Holding, Lowers Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap maintains a Buy rating on Alibaba Group Holding (NYSE:BABA) but lowers the price target from $124 to $122.

May 15, 2024 | 1:11 pm
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Citigroup analyst Alicia Yap maintains a Buy rating on Alibaba Group Holding (NYSE:BABA) but lowers the price target from $124 to $122.
The Buy rating suggests continued confidence in Alibaba's long-term prospects, but the slight reduction in the price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100