Bernstein Reaffirms Their Hold Rating on Alibaba (BABA)

In a report released today, Robin Zhu from Bernstein maintained a Hold rating on Alibaba (BABA - Research Report), with a price target of $80.00. The company's shares closed yesterday at $68.88. According to TipRanks, Zhu is an analyst with an average return of -6.2% and a 36.17% success rate. Zhu covers the Consumer Cyclical sector, focusing on stocks such as PDD Holdings, Alibaba, and Meituan Dianping. In addition to Bernstein, Alibaba also received a Hold from Morgan Stanley's Gary Yu in a report issued on April 16. However, on the same day, Jefferies maintained a Buy rating on Alibaba…