Alibaba Stock Gets More Price Target Cuts. But There Are Reasons to Be Bullish.

Alibaba investors have been having a tough time of late. The stock price is near the lowest point since late 2018, and has lost almost a quarter of its value in the past month alone after poor quarterly earnings and more regulatory pressures.

The latest installment in the saga of Wall Street re-evaluating Alibaba is, on the face of it, not good news: both Deutsche Bank and Needham have slashed their price targets on the stock.

But...