Alibaba Stock Gets More Price Target Cuts. But There Are Reasons to Be Bullish.

Alibaba investors person been having a pugnacious clip of late. The banal terms is adjacent the lowest constituent since precocious 2018, and has mislaid astir a 4th of its worth successful the past period unsocial aft mediocre quarterly net and much regulatory pressures.

The latest installment successful the saga of Wall Street re-evaluating Alibaba is, connected the look of it, not bully news: some Deutsche Bank and Needham person slashed their terms targets connected the stock.

But...