Jefferies Maintains Buy on Alibaba Gr Hldgs, Maintains $116 Price Target
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Thomas Chong maintains a Buy rating on Alibaba Group Holdings (NYSE:BABA) with a $116 price target.
July 26, 2024 | 4:35 pm
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Jefferies analyst Thomas Chong has reiterated a Buy rating for Alibaba Group Holdings with a price target of $116.
The reaffirmation of a Buy rating and a specific price target of $116 by a reputable analyst from Jefferies is likely to positively influence investor sentiment and potentially drive short-term price appreciation for Alibaba's stock.
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IMPORTANCE 80
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