
DZ Bank Downgrades Alibaba Group (NYSE:BABA) to Hold

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DZ Bank has downgraded Alibaba Group (NYSE:BABA) from a "buy" to a "hold" rating, setting a price target of $135.00, indicating a potential upside of 8.77%. Other analysts have also adjusted their ratings, with a consensus rating of "Moderate Buy" and a price target of $190.26. The stock traded down to $124.11, with a market cap of $296.31 billion. Recent performance shows mixed sentiments, with positive growth in cloud and AI sectors, but overall earnings and revenue missed expectations, reflecting a significant profit decline.
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