Why Shares of Alibaba Are Rising Today
Shares of Chinese tech giant (NYSE: BABA) were trading more than 3% higher as of 12:26 p.m. ET Monday after a Wall Street analyst issued a new research note on the company and raised his price target on the stock.
In his note, analyst Jiong Shao maintained his overweight rating on Alibaba and hiked his price target by $45 to $190 per share, implying about 36% upside from current levels.
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Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€111.20
0.910%
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 164 € there is a positive potential of 47.48% for Alibaba Group Holding Ltd ADR compared to the current price of 111.2 €.
