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Why Alibaba Stock Slipped on Monday

·2-min read
Why Alibaba Stock Slipped on Monday
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A lively stock over the past year, Alibaba (NYSE: BABA) was sluggish on the stock exchange Monday. In a new research note, he trimmed his target to $203 per share from the previous $209. Referring to two major Alibaba e-commerce platforms, Leung wrote that "There have been signs of continuous uneven sales performance of different product categories and types of merchants on Taobao/Tmall since [the second half of] 2021."

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