Alibaba Cloud Replaces Head of Business, Here’s A Look At The Latest Price Target Cuts Made By The Most Accurate Analysts – Alibaba Group Holding (NYSE:BABA)

Alibaba Group Holding Restricted FATHER In step with Jack Ma’s coverage, Alibaba made a number of main organizational modifications to the Cloud to make sure the corporate stays agile within the quickly altering web house.

Jeff Zhang, former chairman of Alibaba Cloud Intelligence, has left, whereas Alibaba’s CEO Daniel Zhang has turn out to be vice chairman, TechCrunch reported.

Alibaba shares have been up 2.2% to shut at $89.13 on Thursday, however have been down 1.2% in in the present day’s premarket buying and selling session.

Benzinga readers can entry the newest analyst rankings at: Analyst Share Ratings web page. Readers can type by inventory, firm title, analyst agency, score change, or different variables.

Let’s check out how Benzinga made the best determination. Analysts evaluated the Chinese company within the final interval.

• Truist Securities Analyst Youssef Squali maintained the Purchase score for the inventory on November 18, 2022, decreasing its value goal from $125 to $120. This analyst sees the corporate’s inventory rise over 35% and has an accuracy fee of 65%.
• high quality testing Analyst Fawne Jiang maintained a Purchase score on November 18, 2022 and lowered its value goal from $206 to $180. This analyst sees about 102% good points within the firm’s inventory and has an accuracy fee of 63%.
• HSBCs On November 18, 2022, analyst Charlene Liu maintained a Purchase score and lowered her value goal from $132 to $124. This analyst sees a virtually 39% enhance within the firm’s inventory and has an accuracy fee of 34%.
• of Mizuho On November 18, 2022, analyst James Lee maintained a Purchase score and lowered his value goal from $160 to $155. This analyst sees a virtually 74% enhance within the firm’s inventory and is 65% correct.
• UBS Analyst Jerry Liu reiterated the inventory’s Purchase score on November 18, 2022, decreasing its value goal from $140 to $135. This analyst sees a virtually 51% rise within the firm’s inventory and is 52% correct.

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