Morgan Stanley Anticipates Painful Quarter for Alibaba

Morgan Stanley Cuts Price Target for Alibaba

Morgan Stanley, a global financial services firm, has slashed its price target for Alibaba shares to $85 from $80. The bank maintained an Equal-Weight rating on the stock but warned that Alibaba is likely to report “another painful transitional quarter.” The Chinese e-commerce giant has been grappling with various challenges, and Morgan Stanley’s reduced price target reflects the cautious sentiment towards the company’s near-term prospects.