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Citi Keeps $156 PT on Alibaba (BABA), Says Split is 'Unlocking Underlying Value'

March 28, 2023 9:08 AM EDT

Citi analyst Alicia Yap reiterated a Buy rating and $156.00 price target on Alibaba (NYSE: BABA).

The analyst comments "While we would not be surprised that Alibaba could decide to spin off certain business units like Cainiao or International Commerce as separately listed... More