Alibaba's cloud unit to cut 7% of staff in overhaul - source

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Alibaba (BABA) restructuring a potential long-term driver - Susquehanna

May 23, 2023 9:31 AM EDT

Alibaba's (NYSE: BABA) price target was cut to $160 from $175 by Susquehanna on Tuesday, with analyst Shyam Patil maintaining a Positive rating on the stock.

Patil believes the focus for Alibaba has shifted to restructuring, which is a potential long-term driver.... More