Alibaba (BABA) Stock: Why Two Major Banks Just Slashed Their Price Targets

TLDR Jefferies lowered Alibaba stock price target to $225 from $231 but maintains Buy rating and calls it top 2026 pick Morgan Stanley cut target to $180 from $200, warning core e-commerce business is worsening due to weak consumer spending Cloud business grew 34% year-over-year driven by strong AI demand Stock fell 2.5% in premarket [...]

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