Why Alibaba Stock Was Underwater Today

Group 1 - Alibaba Group's American depositary receipts (ADRs) experienced a decline of 0.6% due to a recommendation downgrade from an analyst, which dampened its recent rally [1][7] - US Tiger Securities' analyst Bo Pei upgraded Alibaba's recommendation from hold to buy, raising the price target to $180 per ADR from $145, despite the recent price increase [2] - The analyst believes that Alibaba's recent bull run has priced in its potential, exposing the ADRs to short-term downside risk [4] Group 2 - The significant discount that previously made Alibaba's ADRs appealing compared to similar U.S. tech stocks has diminished due to the recent price increase [5] - Despite the positive outlook on Alibaba's performance and strategy, the current price is seen as reflecting its value, leading to a reassessment of its attractiveness as an investment [5] - The Motley Fool Stock Advisor's analyst team has identified 10 stocks they believe are better investment opportunities than Alibaba Group at this time [6]