Weekly Recap | Alibaba +3.6%, most brokers rate it buy
Weekly Review·
- Alibaba shares rose 3.6% to close at 113.24 USD this week, outperforming the S&P 500 index by 3.68 percentage points.
- The rebound was driven by Goldman Sachs' positive outlook on Alibaba's cloud business and MiniMax approving a capital authorization deal with Aliyun.
- A total of 38 institutions rated the stock as buy or overweight, with a consensus target price of 185.49 USD.
