Alibaba Changes Cloud Business Head, Here's A Look At Recent Price Target Cuts By The Most Accurate Analysts

8 months ago

Alibaba Group Holding Limited BABA made a fewer large organizational reshuffling astatine Alibaba Cloud per Jack Ma's argumentation to guarantee the institution ever stays agile successful the fast-changing net space.

Jeff Zhang, erstwhile president of Alibaba Cloud Intelligence, departed portion Alibaba's CEO Daniel Zhang became the acting president, TechCrunch reported.

Alibaba shares gained 2.2% to adjacent astatine $89.13 connected Thursday, but dropped 1.2% successful today’s pre-market trading sesssion.

Benzinga readers tin entree the latest expert ratings connected the Analyst Stock Ratings page. Readers tin benignant by banal ticker, institution name, expert firm, standing alteration oregon different variables.

Let’s person a look astatine however Benzinga’s most-accurate analysts person rated the Chinese institution successful the caller period.

Truist Securities expert Youssef Squali maintained a Buy standing connected the banal connected November 18, 2022, and slashed the terms people from $125 to $120. This expert sees implicit 35% upside successful the company’s banal and has an accuracy complaint of 65%.
Benchmark expert Fawne Jiang maintained a Buy standing connected November 18, 2022, and chopped the terms people from $206 to $180. This expert sees astir 102% upside successful the company’s banal and has an accuracy complaint of 63%.
HSBC’s expert Charlene Liu maintained a Buy standing connected November 18, 2022, and reduced the terms people from $132 to $124. This expert sees astir 39% upside successful the company’s banal and has an accuracy complaint of 34%.
Mizuho’s expert James Lee maintained a Buy standing connected November 18, 2022, and chopped the terms people from $160 to $155. This expert sees astir 74% upside successful the company’s banal and has an accuracy complaint of 65%.
UBS expert Jerry Liu reiterated a Buy standing connected the banal connected November 18, 2022, and slashed the terms people from $140 to $135. This expert sees astir 51% upside successful the company’s banal and has an accuracy complaint of 52%.

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Source Benzinga