Bernstein Maintains Market Perform on Alibaba Gr Hldgs, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Robin Zhu maintains a Market Perform rating on Alibaba Group Holdings (NYSE:BABA) and raises the price target from $80 to $85.
August 16, 2024 | 11:29 am
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Bernstein analyst Robin Zhu maintains a Market Perform rating on Alibaba Group Holdings and raises the price target from $80 to $85.
The raised price target from $80 to $85 indicates a positive outlook from the analyst, which could lead to a short-term increase in the stock price. However, the Market Perform rating suggests that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100