Time to add for long term hold
Alibaba Price Targets Slashed for Record 18th Straight Week
Wall Street’s average price target for Alibaba Group Holding is set to fall for a record 18th straight week after a cohort of firms lowered their expectations for the shares. At least four research analysts this week slashed price forecasts on the American Depositary Receipts of the China-based tech giant. Susquehanna International Group’s analyst Shyam Patil was the latest, cutting the number by more than a third to $200 from $310, citing “near-term headwinds”.Alibaba analysts have been steadil
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