B of A Securities Maintains Buy on Alibaba Gr Hldgs, Raises Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its Buy rating on Alibaba Group Holdings and raised the price target from $106 to $124, indicating a positive outlook for the company's stock.
October 09, 2024 | 5:52 pm
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POSITIVE IMPACT
B of A Securities has increased its price target for Alibaba from $106 to $124, maintaining a Buy rating. This suggests confidence in Alibaba's future performance and potential stock price appreciation.
The increase in price target from $106 to $124 by B of A Securities, along with the maintained Buy rating, indicates a strong positive sentiment towards Alibaba's stock. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100