BABA Stock: $160 Target And Buy Rating
The shares of $Alibaba(BABA.US$ recently received a $160 price target from $Deutsche Bank(DB.US$ . These are the details.
Price Target:
Price target increased from $155 to $160
Price target increased from $155 to $160
Rating:
Buy
Buy
Analyst:
Deutsche Bank analyst Leo Chiang
Deutsche Bank analyst Leo Chiang
Chiang noted that the company’s June quarter net income was ahead of consensus while adjusted net margins beat, due to a faster than expected narrowing of losses in new initiatives. And Chiang views the current valuation as defensive and cited a faster than expected macro recovery could provide upside potential.
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Btan : Gonna buy some more to stock up
102732542 : lol, cant even break 100.
whqqq : It's nearly 100 now. Will it rise again?
102987738 Btan: Be patient lah
temu jin : 135 on CNY'23
KuriesOP whqqq: I think it will