Scalper1 News
Saying Alibaba Group (BABA) will maintain its dominant market share in retail and e-commerce in China for the next five years, investment bank UBS initiated coverage of the company with a buy rating and price target of 100. Alibaba’s growth will be fueled by a rich presence in mobile and on popular social networks, putting it “among the best-positioned companies in global Internet services,” UBS analyst Erica Poon Werkun wrote in a research report Scalper1 News
Scalper1 News