JP Morgan Maintains Overweight on Alibaba Gr Hldgs, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Alex Yao maintains an Overweight rating on Alibaba Group Holdings (NYSE:BABA) and raises the price target from $100 to $108.
August 16, 2024 | 12:11 pm
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POSITIVE IMPACT
JP Morgan analyst Alex Yao maintains an Overweight rating on Alibaba Group Holdings and raises the price target from $100 to $108.
The Overweight rating and increased price target from a reputable analyst at JP Morgan is likely to boost investor confidence in Alibaba, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100