Barclays Maintains Overweight on Alibaba Gr Holding, Lowers Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao maintains an Overweight rating on Alibaba Group Holding (NYSE:BABA) but lowers the price target from $109 to $107.
May 16, 2024 | 2:42 pm
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Barclays analyst Jiong Shao maintains an Overweight rating on Alibaba Group Holding but lowers the price target from $109 to $107.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. The impact on the stock price is likely neutral in the short term as the positive rating balances the slight reduction in the price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100