- The shares of Alibaba Group Holding Ltd (NYSE: BABA) recently received a price target of $330 by Truist. These are the details.
The shares of Alibaba recently received a price target of $330 by Truist. And Truist’s Youssef Squali reiterated a “buy” rating on the company.
Recently, Alibaba CEO Daniel Yong Zhang said in a conference call that the fine imposed on the company will not have a “material negative impact.” And Alibaba does not plan to appeal the fine.
Squali noted that Alibaba’s long-term prospects are remaining highly attractive.
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