Nomura Securities delivered a strong vote of confidence in Alibaba (BABA), raising its price target substantially from $193.00 to $237.00 and maintaining a Buy rating.
- The significant $44 increase reflects a renewed bullish narrative among analysts regarding the company’s valuation potential.
- Despite the highly positive news, BABA stock slipped 2.0% in Hong Kong and is currently trading lower in the US market, suggesting market selling pressure is outweighing analyst sentiment.