Loop Capital Maintains Buy on Alibaba Gr Hldgs, Maintains $115 Price Target
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Rob Sanderson maintains a Buy rating on Alibaba Group Holdings (NYSE:BABA) with a price target of $115.
August 29, 2024 | 12:32 pm
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Loop Capital's analyst Rob Sanderson reaffirms a Buy rating for Alibaba Group Holdings with a price target of $115, indicating confidence in the stock's potential.
The reaffirmation of a Buy rating and a specific price target of $115 by Loop Capital suggests a positive outlook for Alibaba's stock. This can boost investor confidence and potentially lead to a short-term increase in stock price.
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IMPORTANCE 80
RELEVANCE 100