BofA lowered the firm’s price target on Alibaba (BABA) to $145 from $146 and keeps a Buy rating on the shares. Fiscal Q4 was largely in-line with expectations, says the analyst, who adjusted the firm’s target on lower estimates and reiterates a Buy on improved Taobao Tmall momentum, secular AI growth and catalysts from more consumer stimulus.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Positive Outlook on Alibaba Driven by AI Growth and Strategic Investments
- Analysts Remain Optimistic About Alibaba Stock (BABA) Despite Q4 Earnings Miss
- Alibaba Group Reports Strong Fiscal Year 2025 Results
- Alibaba’s Earnings Call Highlights Growth and Challenges
- Investor Michael Burry Bets Against Nvidia Stock (NVDA)