Alibaba Ramps Up Investment in Growth, Analysts Adjust Forecast Amid Strategic Pivot – Alibaba Gr Holding (NYSE:BABA)
Benchmark analyst Fawne Jiang maintained a Buy rating on Alibaba Group Holding Ltd BABA and lowered the price target to $118. Alibaba reported third-quarter fiscal 2024 with a solid profit beat on moderately below expectation revenue. Jiang’s…