Jefferies Lifts Alibaba Price Target to $190

Hyperdash NewsEquities

Jefferies has increased its price target for Alibaba (

Alibaba Group) to $190, up from its previous estimate of $185. This adjustment reflects an improved outlook for the e-commerce company's stock valuation.

The revised price target suggests Jefferies anticipates growth for Alibaba. Such target increases often signal analyst confidence in a company's future performance or market position.

Alibaba Group has traded down -0.06% on Hyperdash since the news.

SourcesFirst Squawk

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