Baird lowered the firm’s price target on Alibaba (BABA) to $142 from $147 and keeps an Outperform rating on the shares. The firm updated its model following as it sees Cloud and AI accelerating despite competitive commerce headwinds.
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Read More on BABA:
- Alibaba’s Core Segments and AI-Driven Growth Justify Buy Rating Despite Short-Term Volatility
- China On the March as U.S. Investors Plough Back in After Tariff Tension
- Alibaba price target lowered to $145 from $146 at BofA
- Positive Outlook on Alibaba Driven by AI Growth and Strategic Investments
- Analysts Remain Optimistic About Alibaba Stock (BABA) Despite Q4 Earnings Miss
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