Ai Tech
Alibaba (BABA) Stock Drops 5% as $10B Share Sale Raises Questions About Cash Use
CoinCentral·September 7, 2026·1 min read
Alibaba stock dropped 5% after announcing a $10.2 billion equity raise on Aug. 23. Bernstein SocGen cut its price target to $180 from $165, keeping an Outperform rating. Investors questioned the raise despite Alibaba holding $30.7 billion in net cash.
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