Alibaba Stock Gets a Target Price Cut. Here’s Why It’s Still a Buy.
Analysts at Citigroup have actually slashed their target cost on Alibaba stock– however they still see the Chinese tech giant as appealing for financiers.
That’s mainly due to assessment. Shares in Alibaba (ticker: BABA) lost nearly 50% of their worth in 2021 in the middle of heightening regulative pressures and issues around slowing development. At this moment, Citi expert Alice Yap stated in a report distributed Monday, the existing cost is “an appealing entry for financiers developing brand-new positions.”