🔴 Alibaba is trading 3.5% down today after target cuts from Wall Street banks

BABA is trading at 3.5% down now at $149.14 after Morgan Stanley cut its price target to $180 (from $200) and warned that core e-commerce is weakening amid soft Chinese consumption.

• Morgan Stanley specifically warned that profitability is likely under pressure near term.
• Jefferies also trimmed its target to $225 (from $231) but maintained the stock as a top pick based on AI and cloud potential.
• The stock is giving back some of Thursday’s sharp gain tied to optimism around potential Nvidia H200 chip access.