Alibaba (BABA) PT Raised to $250 at Morgan Stanley

January 29, 2018 11:08 AM EST
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Price: $79.99 +1.18%

Rating Summary:
    35 Buy, 5 Hold, 2 Sell

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Today's Overall Ratings:
    Up: 10 | Down: 4 | New: 31
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Morgan Stanley raised its price target on Alibaba (NYSE: BABA) to $250.00 (from $220.00) while maintaining a Overweight rating.

Analyst Grace Chen comments "Stay OW and raise PT to US$250 as we value AliCloud separately in our SoTP and roll over to FY19. We expect F3Q18 to be in-line with or beat consensus, and believe its accelerated investments in new retail will widen its lead over smaller rivals in the long term."

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