- Mizuho analyst James Lee lowered the firm's price target on Alibaba Group Holding Ltd BABA to $180 from $215 and reiterated a Buy rating on the shares.
- The price target implies an upside of 56.2%.
- Related Content: Analysts Cut Alibaba Price Target Ahead Of Quarterly Results; Remain Bullish
- The analyst anticipates a "challenging" Q4 but looks for customer management revenue growth to reach a bottom in Q1.
- Lee also cut Baidu Inc's BIDU price target from $305 to $300 (104.7% upside).
- Price Action: BABA shares traded higher by 1.71% at $117.20 in the premarket session on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
