Technology
Alibaba Analysts Stepping Over Themselves for Price Target Hikes
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Alibaba Group Holding Ltd. (NYSE: BABA) has managed to turn its post-earnings stock reaction into a serious win from a questionable situation. Now we have seen multiple analysts key in on the Chinese seller of everything with much higher price targets.
To show just how much the change of heart has been, Alibaba shares were at $99 last week ahead of the earnings. Now, after the company’s earnings report, shares have peaked above $110 for the first time.
We have yet to track every single one of the price target changes that have been made, so this will be updated to reflect more analyst calls as they are seen. The price target changes so far were as follows:
Stay tuned.
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