Bank of America Securities analyst Eddie Leung maintained a Buy rating on Alibaba (BABA – Research Report) on June 8 and set a price target of $162.00. The company's shares closed last Thursday at $109.90. Leung has an average return of 4.6% when recommending Alibaba. According to TipRanks.com, Leung is ranked #1140 out of 7936 analysts. Alibaba has an analyst consensus of Strong Buy, with a price target consensus of $159.84, a 39.0% upside from current levels. In a report issued on May 27, Citigroup also maintained a Buy rating on the stock with a $176.00 price target.
https://www.tipranks.com/news/blurbs/bank-of-america-securities-keeps-a-buy-rating-on-alibaba-baba?utm_source=advfn.com&utm_medium=referral
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