Will Alibaba Earnings Reflect Broader Retail Weakness In China?

▤ Summary

Alibabas stock is down 25% since hitting a record high of 211.70 amid escalating U.S.-China trade tensions and a pullback in Chinese consumer confidence. According to Chinas National Bureau of Statistics, online sales growth of physical goods decelerated in the fourth quarter. Analyst Rob Sanderson on Friday maintained a buy rating on Alibaba stock with a price target of 245. He wrote that Alibabas stock is capable of weathering the macroeconomic concerns that dragged down shares last year. Oppenheimer analyst Jason Helfstein issued a report on Alibaba stock last week that maintained a rating of outperform and price target of 185.

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