Alibaba (BABA) Stock Dips on Analyst Downgrade

Chinese flagship company Alibaba (NYSE:BABA) — which specializes in e-commerce, internet solutions and technology — suffered a sizable hit on Thursday. Analysts at Macquarie cast doubt on BABA stock as they believe its forward earnings potential is limited. Struggling for traction since late 2020, all eyes center on the Chinese consumer economy. As well, investors need to see evidence that Alibaba can pivot to Southeast Asia.According to a Seeking Alpha report, Macquarie downgraded BABA stock to “neutral,” ...