Alibaba Stock Hits 4-Year Low. Goldman Sachs Maps Out How the Stock Can Rise – Or Fall.

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Nov. 29, 2021 12:19 p.m. ET

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Alibaba banal deed its lowest level successful much than 4 years Monday, arsenic Wall Street’s re-evaluation of the institution continued with analysts astatine Goldman Sachs removing the shares from its Conviction List and trimming their terms target.

A squad led by Piyush Mubayi astatine the U.S. concern slope removed Alibaba banal from its Conviction List but yet maintained a Buy standing connected the shares. It chopped its terms people by 15% to $215 from $252. With the shares trading hands beneath $132—their lowest level since June 2017—that inactive implies...

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