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
€147.60
2.930%
With 45 Buy predictions and 1 Sell predictions Alibaba Group Holding Ltd ADR is one of the favorites of our community.
As a result the target price of 160 € shows a slightly positive potential of 8.4% compared to the current price of 147.6 € for Alibaba Group Holding Ltd ADR.
