Alibaba Group (NYSE:BABA) Shares Gap Down - Time to Sell?

Market Beat
2026.06.11 17:55
portai
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Alibaba Group (BABA) shares gapped down, opening at $110.88 after closing at $115.38, driven by negative sentiment from Pentagon military-link designations, Beijing's crackdown on discount marketing, and ex-dividend trading pressure. Despite these headwinds and leadership changes in its AI unit, analysts maintain a 'Moderate Buy' consensus with an average target of $188.76. Recent rating adjustments include Susquehanna raising its target to $185 and JPMorgan to $205.