Alibaba Group Holding Limited (NYSE:BABA) had its price target lowered by Mizuho from $160 to $149 on July 24, maintaining an Outperform rating. Concerns about margin contraction due to increased competition in local commerce, particularly in food delivery, led to the decision.

Mizuho predicts Alibaba (BABA) will see significant margin contraction in Q2 compared to Q1, with competitive pressures potentially continuing through the second half of 2025 and into 2026. EBITDA forecasts were cut for both Q2 2025 and full-year 2027, factoring in a 50 billion RMB subsidy program.

The firm also provided an estimate for Alibaba’s (BABA) 2028 EBITDA at 251 billion RMB. Alibaba plans to release its financial results for the quarter ending June 30, 2025, before the US market opens on August 29, 2025. Alibaba is a Chinese multinational technology company specializing in various sectors.

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Read more at Yahoo Finance: Mizuho Lowers Alibaba (BABA) Price Target, Keeps Outperform Rating