Alibaba Stock Rises Despite Tech’s Tumble and a Price Target Cut. Here’s Why.

1 year ago 248

Tech stocks person been tumbling. In a astonishment twist, Alibaba is doing remarkably well.

Investors wouldn’t beryllium blamed for reasoning the caller selloff successful exertion stocks could lone adhd much value to the weakened shoulders of Alibaba (ticker: BABA). After all, Alibaba mislaid 49% of its worth past year, with investors successful the Chinese tech elephantine staring down a crushing 2021 marked by regulatory concerns and fears implicit growth. By comparison, the Nasdaq 100 index—which tracks immoderate of the largest U.S.-listed tech stocks—surged almost...

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