barrons.com/amp/articles/alibaba-stock-price-target-cut-again-as-more-analysts-smile-on-rival-jd-com-51637841587
After a year of regulatory pressure and, more recently, disappointing quarterly earnings, Alibaba stock has been undergoing a reevaluation by Wall Street. Some financial analysts have even been making the case that the Chinese e-commerce giant’s competitor, JD.com, may be a better bet.

Analysts at Susquehanna cut their price target on Alibaba stock by 35%. The shares closed at $136.52 Wednesday, so the price target still implies some 46% upside. Alibaba ‘s shares that trade in Hong Kong (9988.H.K.) climbed 2.7% Thursday.

The stock is near its lowest point since late 2018, and has declined more than 40% in 2021. “Alibaba has been dealing with a regulatory overhang, and now the slowing macro in China is pressuring the business in the near-term,” Susquehanna’s Patil said.

Analysts at Susqhuehanna say there are still reasons to be bullish on Alibaba. They raised their price target on the stock by 19% from $80 to $95 Wednesday. They said Alibaba is the China e-commerce category killer with a large secular growth opportunity.
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