© Reuters. Alibaba (BABA) plan is a ‘positive catalyst’ for the stock over the next 18 months – Benchmark
Ali Baba (NYSE:) plan is a “positive catalyst” for the stock in the next six to 18 months, Benchmark analysts said Friday.
Besides, BABA announced a capital management plan while also revealing upcoming events, including a full cloud computing offering, Cainiao and Freshipoo IPOs, and raising overseas capital for international e-commerce.
The analysts, who have a Buy rating and a price target of $180 per share, told investors in a note that they view the plan as a positive incentive for BABA, as these capital market actions will lead to market recognition of the hidden value of the key. strategic assets.
“On the other hand, lack of proximal guidance from Q (F1Q24) and margin uncertainty as a result of growth orientation may reduce visibility in the proximal quadrants,” they added.
Alibaba shares are down more than 5% after announcing their earnings on Thursday, while they are down another 1.4% so far on Friday, and are trading around the $84.50 level.
