1 Wall Street Firm Thinks Alibaba Stock Is Going to $99. Is It a Buy?

Bank of America sees Alibaba's revenue coming in above consensus estimates when it reports fiscal Q4 earnings on Tuesday.Alibaba (BABA 5.70%) stock has started to show signs of recovering after falling to new lows last year. In the past month, share prices have jumped 19% and could be headed for more gains.Bank of America analysts recently maintained a buy rating on the stock but lowered the price target from $102 to $99. However, that still implies an upside of 17% over the next 12 months over the current ...