Daiwa reduced its price target on Alibaba Group Holding Limited to $175 from $200 while maintaining a Buy rating. The firm cited a negative surprise from China's 2026 618 shopping festival and weakness in e-commerce consumption trends. Daiwa also downgraded China's e-commerce sector, pointing to a difficult macro backdrop, tighter regulations, and a scaled-back national trade-in program. Separately, Bloomberg reported that Alibaba sued the Department of Defense to be removed from a blacklist that identifies the company as a supporter of the Chinese military, calling the designation arbitrary and unjustified.
Alibaba Group Holding LtdDaiwa cut price target citing weak e-commerce consumption and negative 618 shopping festival results.