Alibaba (BABA) Stock Slides 5% Following $10.2B Capital Raise Announcement

Alibaba (BABA) Stock Slides 5% Following $10.2B Capital Raise Announcement

Alibaba (BABA) shares decline 5% after $10.2B equity raise. Bernstein lowers target to $165 but maintains positive outlook on AI investments.

Alibaba (BABA) Stock Drops 5% as $10B Share Sale Raises Questions About Cash Use

TLDR Bernstein SocGen cut its BABA price target to $165 from $180, while keeping an Outperform rating Alibaba stock has dropped about 5% since announcing a $10.2 billion equity raise on Aug. 23 Investors questioned why Alibaba raised new capital when it already held $30.7 billion in net cash...