Alibaba Group Holding Reaches Analyst Target Price
In recent trading, shares of Alibaba Group Holding Ltd (Symbol: BABA) have crossed above the average analyst 12-month target price of $120.47, changing hands for $124.73/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher ...











