Alibaba Group (NYSE:BABA) Stock Price Down 2.8% on Analyst Downgrade

Market Beat
2026.01.07 21:49
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Shares of Alibaba Group (NYSE:BABA) fell 2.8% after Freedom Capital downgraded the stock from a strong-buy to a hold rating. The stock traded as low as $146.61, with a volume decline of 10% from the average. Despite this, analysts have mixed views, with some maintaining buy ratings and target prices around $195. Recent developments include positive sentiment around AI product growth and concerns over legal risks. Institutional investors have increased their stakes, owning 13.47% of the company.