BABA Stock: $330 Target By Truist

By Amit Chowdhry ● Apr 15, 2021
  • 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.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.