Needham analyst Vincent Yu maintained a Buy rating on Alibaba (BABA – Research Report) today and set a price target of $180.00. The company's shares closed last Thursday at $131.37, close to its 52-week low of $108.70. According to TipRanks.com, Yu is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.5% and a 21.8% success rate. Yu covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, So-Young International, and 36Kr Holdings Inc. Alibaba has an analyst consensus of Strong Buy, with a price target consensus of $194.71, implying a 44.0% upside from current levels.
https://www.tipranks.com/news/blurbs/needham-maintains-their-buy-rating-on-alibaba-baba?utm_source=advfn.com&utm_medium=referral
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