What 12 Analyst Ratings Have To Say About Alibaba Gr Hldgs
Portfolio Pulse from Benzinga Insights
In the past three months, 12 analysts have evaluated Alibaba Group Holdings (NYSE:BABA), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased by 5.99% to $109.25. Analysts have adjusted their ratings and price targets, reflecting positive sentiment towards Alibaba's financial performance, including revenue growth and profitability metrics.
October 24, 2024 | 1:00 pm
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Analysts have shown a positive trend in their ratings for Alibaba Group Holdings, with an increase in the average 12-month price target to $109.25, reflecting a 5.99% rise. This suggests a bullish sentiment towards Alibaba's stock, supported by strong financial performance metrics.
The article highlights a positive shift in analyst ratings and price targets for Alibaba, indicating a bullish outlook. The increase in the average price target and the strong financial performance metrics such as revenue growth and profitability support this sentiment.
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IMPORTANCE 80
RELEVANCE 100