Mizuho lowered the firm’s price target on Alibaba (BABA) to $160 from $170 and keeps an Outperform rating on the shares following the earnings report. The firm says the company’s increasing investments are offsetting its improving core fundamentals.
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Read More on BABA:
- Alibaba price target lowered to $176 from $190 at Benchmark
- Alibaba price target lowered to $142 from $147 at Baird
- 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
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