Alibaba Stock Surges Despite Lower Price Targets from Wall Street Analysts

On July 8, Alibaba's U.S.-listed stock (BABA) surged nearly 11% to $109 after a pre-earnings update showed improved performance in its delivery business and stable profits. However, major banks including Morgan Stanley and Citi reduced their price targets for the stock despite maintaining 'Buy' ratings.

By Ananda Banerjee Thu, July 9, 2026 at 5:20 PM GMT+3 4 min read · Yahoo Finance · July 9, 2026, 14:20 UTC

Alibaba Stock Surges Despite Lower Price Targets from Wall Street Analysts

Tickers: $BABA $MS

Topics: AI investment Alibaba analyst ratings stock price movement

Read the full article at Yahoo Finance

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