ALIBABA GROUP HOLDING LTD (BABA): ANALYST PREDICTS FURTHER UPSIDE LIES AHEAD TIGRESS' IVAN FEINSETH IS ENTICED BY BABA'S POTENTIAL TO GROW REVENUE AND PENETRATE NEW MARKETS ACROSS THE GLOBE. ________________________________________
Alibaba Group Holding Ltd (NYSE:BABA) knows how to monetize its core e-commerce platform all while bolstering prospects for more gains ahead in segments from retail to digital content to logistics. The stock has shot up nearly 96% in value in the course of the last 12 months, and with good reason.
As monetization and growth opportunities are swirling, China’s king of e-commerce has a business performance that keeps revving up, and Tigress analyst Ivan Feinseth is taking notice. As such, the analyst maintains a Buy rating on Alibaba stock without suggesting a price target. (To watch Feinseth’s track record, click here)
Feinseth is impressed with the e-commerce player, highlighting, “Business Performance continues to accelerate as BABA leverages its core e-commerce platform and develops initiatives in new retail and other future growth opportunities.” https://www.smarteranalyst.com/2017/12/01/...dicts-upside-lies-ahead/ |