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JPMorgan Analyst Cuts Alibaba Price Target to $200, Keeps Overweight Rating

JPMorgan analyst Alex Yao lowered Alibaba’s target from $210 to $200 on Oct. 12 while maintaining an Overweight rating.

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Employees pass the entrance to Alibaba's campus in Hangzhou, China, on an overcast morning. / EconoTimes.ai (mono)
Employees pass the entrance to Alibaba's campus in Hangzhou, China, on an overcast morning. / EconoTimes.ai (mono)

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For Alibaba, JPMorgan analyst Alex Yao’s Oct. 12 revision put the price target at $200, down $10 from $210, while his Overweight rating stayed in place.

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