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StockNews.com upgrades Alibaba to "buy," targeting $148.14 despite slight earnings miss.
Alibaba Group (BABA) received a stock upgrade from "hold" to "buy" by StockNews.com, aligning with a consensus "buy" rating and a target price of $148.14.
Despite slightly missing analysts' earnings expectations with $2.77 per share, Alibaba's stock has risen 27.04% over the past year.
The company, with a market cap of $276.85 billion and a P/E ratio of 16.84, is a major technology player providing services to businesses and consumers in China and internationally.
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StockNews.com actualiza Alibaba para "comprar", apuntando a $148.14 a pesar de una ligera pérdida de ganancias.