Institutions still recommend buying：$205 Target And Buy Rating

The shares of Alibaba have received a $205 price target from Benchmark. And Benchmark analyst Fawne Jiang increased the price target on Alibaba from $200 while maintaining a “Buy” rating on the shares.
Jiang is comfortable with the fiscal first quarter projections and sees upside potential amid the recovery in June, especially in the most recent weeks – which will also incrementally help to create a favorable set-up heading into the fiscal second quarter.