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Alibaba has another 30% upside - Barron's

Published 06/24/2017, 04:32 PM
Updated 06/24/2017, 04:32 PM
© Reuters.  Alibaba has another 30% upside - Barron's

© Reuters. Alibaba has another 30% upside - Barron's

  • Chinese e-commerce giant Alibaba (NYSE:BABA) could rise another 30% on top of a 60% rally this year, Barron's says.
  • The company plans to bring its high-tech inventory management to brick-and-mortar retail, Barron’s says, citing a Goldman Sachs (NYSE:GS) note.
  • That “could potentially be a blue ocean” that benefits both merchants and consumers, according to the bank, and could boost 2019 EPS by more than 25%, if Jack Ma’s company gets it right.
  • Now read: Alibaba: Chanos Vs. Us


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