Alibaba Stock (BABA) Downgraded, Price Target Raised In Mixed Analyst Note
Alibaba’s stock (NYSE:BABA) is having a mixed trading day today, down 1.17% as one analyst raised their price target whilst simultaneously cutting the rating on BABA.
The latest analyst action saw Freedom Capital downgrade Alibaba to a “Hold” rating from “Buy,” while simultaneously raising the price target to $180 from $140. This adjustment highlights the conflicting sentiments surrounding Alibaba. While the cloud segment continues to exhibit rapid expansion, the analyst notes that this growth is accompanied by significantly increased capital expenditures, with an uncertain payback period. The retail business, while showing growth, relies heavily on advertising spending and is not growing as quickly as some e-commerce…
