Susquehanna Maintains Positive on Alibaba Gr Hldgs, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Shyam Patil maintains a Positive rating on Alibaba Group Holdings (NYSE:BABA) but lowers the price target from $135 to $130.
August 19, 2024 | 2:20 pm
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Susquehanna analyst Shyam Patil maintains a Positive rating on Alibaba Group Holdings but lowers the price target from $135 to $130.
The analyst's decision to maintain a Positive rating suggests continued confidence in Alibaba's prospects, but the lowered price target indicates some caution. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100