Alibaba Stock Price Target Cut Again as More Analysts Smile on Rival JD.com
After a year of regulatory pressure and, more recently, disappointing quarterly earnings, Alibaba stock has been undergoing a reevaluation by Wall Street.
Some financial analysts have even been making the case that the Chinese e-commerce giant’s competitor, JD.com, may be a better bet.
Alibaba (ticker: BABA) continues to face the music. New…