[TOPIC] Is Alibaba Really Worth $210 Given By JPMorgan Analyst?
@Tiger_comments:
After $Alibaba(BABA)$’s recent decision to split its business into six different groups, its shares surged and also pushed Hang Seng Index up.After the split, these groups will be able to seek an IPO respectively. 1. Analysts of JPMorgan and Truist upgrade Alibaba’s ratingThe stock claims a Strong Buy consensus rating, based on a unanimous 18 Buys. The average target clocks in at $148.35, making room for gains of ~48% over the one-year timeframe.a. JPMorgan analyst raises $Alibaba(BABA)$ target to $210JPMorgan said Alibaba's shares could more than double in a best-case scenario after it separates its businesses.JPMorgan analyst Alex Yao raised his price target on Alibaba's US shares to $210, and insisted