The Analyst Verdict: Alibaba Gr Hldgs In The Eyes Of 13 Experts
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Alibaba Group Holdings (NYSE:BABA) over the past three months, with a majority being bullish. The average 12-month price target is $107.85, slightly lower than the previous average. Recent evaluations show a mix of raised and lowered price targets, reflecting dynamic market conditions and company performance.
June 06, 2024 | 4:00 pm
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Analysts have mixed ratings for Alibaba Group Holdings (NYSE:BABA) with a majority being bullish. The average 12-month price target is $107.85, slightly lower than the previous average. Recent evaluations show a mix of raised and lowered price targets.
The majority of analysts are bullish on Alibaba, but the slight decrease in the average price target indicates some caution. This mixed sentiment suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100