Loop Capital Analysts Lower $Alibaba(BABA)$ 's Target Price to $111, Still Recommend BuyingAlibaba Group NYSE:BABA Company E-commerce, Business, company, text, orange png | PNGWingOn Monday, the shares of Chinese e-commerce giant $Alibaba(BABA)$ closed up 3.9%. In the morning of the same day, Loop Capital analysts lowered the target price from $115 to $111, but still believed that Alibaba, as a Chinese Internet stock, was worth buying. This may also explain why Alibaba's shares have risen instead of falling.How does Loop Capital view Alibaba?Loop Capital didn't just talk about Alibaba's stock. Instead, it conducted a research and analysis of the entire Chinese Internet stock market. Overall, China's "weak
Do You Still Have Confidence in Alibaba?
Alibaba shares drop 5% after revenue miss, $25 billion boost to buyback plan. ----------------------- Do you still have confidence in Alibaba? What's your target price after earnings miss? Are you a bagholder or not?
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