Analyst lays out path for BABA stock to $116, citing a ‘new start'

After a three-year-long probe into its monopolistic practices, Alibaba (NYSE: BABA) received a green light from the Chinese State Administration for Market Regulation (SAMR) in a statement on August 30, in what some experts see as a ‘new start’ for the e-commerce giant.After being placed under a probe and fined $2.8 billion in 2021 for its unfriendly practices, including exclusive agreements for sellers and unfriendly market practices towards its rivals, Alibaba is seemingly yet again on good terms with the ...