Alibaba's Monetization Strategy Gains Momentum, But GMV Growth Lags: Analyst
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Benchmark analyst Fawne Jiang has maintained a Buy rating on Alibaba Group Holding (BABA) with a price target of $118, despite concerns about lagging GMV growth.
November 18, 2024 | 6:00 pm
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Benchmark analyst Fawne Jiang has reiterated a Buy rating for Alibaba with a price target of $118. The analyst acknowledges the company's monetization strategy gaining momentum but notes concerns over lagging GMV growth.
The Buy rating and price target of $118 suggest a positive outlook for Alibaba's stock. The analyst's acknowledgment of strong monetization strategies supports this view, although the lag in GMV growth is a concern. Overall, the positive rating and target price are likely to have a favorable short-term impact on the stock.
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IMPORTANCE 80
RELEVANCE 100