Alibaba Shares Jump 5.2% on Buy Upgrade, Volume Up 81%
Alibaba shares jumped 5.2% after Arete Research upgraded the stock to buy and set a $190 price target, with trading volume rising 81% to 31.6 million shares. Jefferies and Benchmark also hold buy ratings at $225 and $195 targets, respectively, supporting an average analyst objective of $192.72.
1. China Signals Approval for Nvidia H200 Orders
2. Analyst Upgrade Propels Shares Higher
3. T-Head Chip Unit Spinoff Aims to Unlock Value
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Sources
DIB