Home > News content

Wall Street lowered its price target for Alibaba for the 18th straight week

via:凤凰网科技     time:2021/11/25 8:05:26     readed:53

华尔街连续第18周下调阿里巴巴目标股价

Wall Street lowered its price target for Alibaba for the 18th straight week

Wall Street's average price target for Alibaba fell for the 18th consecutive week as a number of institutions cut their target price for competitive reasons. At least four institutions cut their price targets on Alibaba this week. Susquehanna cut its price target on Alibaba by more than a third to $200 from $310. Needham and Deutsche Bank also recently cut their price targets on Alibaba, with the latter saying investment in new projects will hurt margins in the near term. Argus Research is more conservative on alibaba's outlook, downgrading the stock to "hold" from "buy."

Wall Street's average price target for Alibaba fell to $208 from $239 last week. Alibaba's last quarter was disappointing and the company cut its revenue forecast for the current fiscal year.

Despite the short-term pressures, most institutions remain bullish on Alibaba's long-term prospects. Of 61 analysts tracked by Bloomberg, 56 have a buy rating on the stock, while only one has a sell rating. (Writer/Shuangye)

More first-hand news, welcome to download phoenix news client to subscribe ifeng.com technology. For in-depth coverage, search "iFeng Technology" on wechat.

translate engine: Youdao

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments