# JPMorgan's $200 Alibaba Target Applies to Its NYSE-Listed ADR

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/34935
Published: 2026-10-19T17:55:24.000Z
Updated: 2026-10-19T17:55:24.000Z
Section: Investing

> Alex Yao cut the target from $210 on Oct. 12 and kept an Overweight rating. Binance's BABAUSDT future and BABAB tokenized security are separate products; BABAB is unavailable to U.S. persons.

JPMorgan's $200 target for Alibaba applies to its NYSE-listed American depositary receipt (ADR), while Binance's BABAUSDT and BABAB are separate products.

JPMorgan analyst Alex Yao lowered the target from $210 on Oct. 12 and maintained an Overweight rating. The price objective covers the ADR, not either Binance product.

BABAUSDT is a perpetual future settled in Tether USDt (USDT). Binance launched it April 20 at 9:50 a.m. ET (13:50 UTC).

BABAB is a separate tokenized security that began trading July 15. It is unavailable to U.S. persons and does not give holders direct ownership of Alibaba shares.