
Alex Belov
Developers by oneinveststock.com. Analyst, investor
Analyst firms JPMorgan and Morgan Stanley have lowered their target price for Alibaba shares. The reason for the lower forecasts is that Alibaba will face a drop in sales amid high inflation and the risk of a recession.
Analyst firm JPMorgan cut its price target from $145 to $135. Analysts at JPMorgan believe that the Chinese company Alibaba will face a drop in earnings in the near future, which will put pressure on the share price.
Following JPMorgan, analysts from Morgan Stanley lowered their target price from $140 to $110. The decline in the price target is due to weak consumption and the soft mood of traders.
If we analyze all the forecasts for Alibaba (BABA) shares, then the upside potential is about 90% over the next 12 months, and the average target price is set at $150.
Developers by oneinveststock.com. Analyst, investor
You must be logged in to post a comment