JPMorgan Boosts Alibaba Target Price to $210
Alibaba Group's stock price has been boosted by JPMorgan Chase & Co., which increased its target price from $205.00 to $210.00.
This move indicates a potential upside of 72.29% from the company's previous close.
JPMorgan Chase & Co. maintains an 'overweight' rating on Alibaba Group's stock, suggesting that it believes the company has strong growth prospects.
Other analysts have also increased their target prices for Alibaba Group in recent months, including Morgan Stanley and Mizuho.