Alibaba Stock Gets a Target Price Cut. Here’s Why It’s Still a Buy.

Analysts astatine Citigroup person slashed their people terms connected Alibaba stock—but they inactive spot the Chinese tech elephantine arsenic charismatic for investors.

That’s mostly owed to valuation. After all, shares successful Alibaba (ticker: BABA) mislaid astir 50% of their worth successful 2021 amid intensifying regulatory pressures and concerns astir slowing growth. At this point, Citi expert Alice Yap said successful a study circulated Monday, the existent terms is “an charismatic introduction for investors establishing caller positions.”

That...