Baird raised the firm’s price target on Alibaba (BABA) to $147 from $125 and keeps an Outperform rating on the shares. The firm updated its model following Q4 results as Cloud and core e-commerce are accelerating.
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Read More on BABA:
- Alibaba price target raised to $170 from $125 at JPMorgan
- Alibaba’s Strategic Growth and AI Leadership: A Buy Rating with Raised Price Target
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