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
€108.60
-0.370%
With 44 Buy predictions and not a single Sell prediction Alibaba Group Holding Ltd ADR is an absolute favorite of our community.
As a result the target price of 161 € shows a positive potential of 48.25% compared to the current price of 108.6 € for Alibaba Group Holding Ltd ADR.
