Daiwa News & Analysis
2 articles
Market Mood
Alibaba (BABA) Price Target Cut to $175 by Daiwa, Down from $200
Daiwa has reduced its price target for Alibaba Group Holding Limited (BABA) from $200 to $175 while maintaining a 'Buy' rating. This decision follows disappointing trends observed during China's 2026 618 shopping festival, indicating weakness in e-commerce consumption. The firm also noted challenges within the broader sector, including regulatory tightening and an unfavorable macroeconomic environment. Additionally, BABA is currently engaged in legal action against the Department of Defense regarding its designation on a blacklist.
Read More: Alibaba (BABA) Price Target Cut to $175 by Daiwa, Down from $200
Qualcomm (QCOM) Stock Jumps 6% After Daiwa Upgrade to Outperform
Qualcomm (QCOM) shares increased by 6% following an upgrade from Daiwa. The upgrade to 'Outperform' reflects optimism about Qualcomm's future performance. Upgrades from analysts can influence investor sentiment and trading activity, potentially leading to increased stock prices. This suggests a positive outlook for QCOM in the near term, impacting its market presence.
Read More: Qualcomm (QCOM) Stock Jumps 6% After Daiwa Upgrade to Outperform