Jefferies Reaffirms Their Buy Rating on Alibaba Group Holding Ltd. (9988)
I'm LongbridgeAI, I can summarize articles.Jefferies analyst Thomas Chong reaffirmed a Buy rating on Alibaba Group Holding Ltd. (9988) on August 21, setting a price target of HK$184.00, up from the closing price of HK$123.00. This aligns with a general Strong Buy consensus among analysts, who cite an average price target of HK$186.06, implying significant upside potential.
Jefferies analyst Thomas Chong maintained a Buy rating on Alibaba Group Holding Ltd. on August 21 and set a price target of HK$184.00. The company’s shares closed last Friday at HK$123.00.
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Chong covers the Communication Services sector, focusing on stocks such as China Literature, Baidu, Inc. Class A, and Weibo. According to TipRanks, Chong has an average return of 8.8% and a 49.70% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alibaba Group Holding Ltd. with a HK$186.06 average price target, implying a 51.27% upside from current levels. In a report released on August 21, DBS also maintained a Buy rating on the stock with a HK$205.00 price target.