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Benzinga
Benzinga
Business
Rachit Vats

Alibaba Upgraded To 'Buy' By Analyst, Long-Awaited 'Inflection Point' Coming

Alibaba BABA Bo Pei NYSE e-commerce

Chinese e-commerce giant Alibaba Group Holding Ltd's (NYSE:BABA) stock is expected to hit a "long-awaited inflection point" in the current quarter despite the challenging three months ended March when it reported the slowest revenue growth since going public in 2014, according to analysts at US Tiger Securities.

The Alibaba Analyst: US Tiger Securities analyst Bo Pei has upgraded the stock to ‘buy’ from ‘hold’ but maintained the price target to $130.

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