Wall Street sets Alibaba stock price for next 12 months

The previous month for Alibaba (NYSE: BABA) stock brought slight gains driven by the news of the purchase of shares of its co-founder, Jack Ma. However, the previous year has brought losses that clawed off almost -30% of its stock value.In its latest quarterly report, Alibaba Group Holding Ltd. has announced the approval of an additional $25 billion for stock repurchases, seeking to reassure investors worried about the growth trajectory of the Chinese e-commerce giant amidst emerging competitors like PDD Ho ...