Tuesday, November 18, 2014

Holy Moly - HSBC Bank Issues $148 Target on Alibaba Shares

On November 11th, it was reported that HSBC Bank announced that they have a $148 per share price target on Alibaba shares.  I think this is a very reasonable target because Alibaba is experiencing fast and unprecedented growth for a company of its size.

If Alibaba follows in the footsteps of Twitter and Facebook, the coming earnings reports in future quarters will be better and better.  Alibaba also did one better than Twitter and Facebook - it met high expectations for its initial earnings report.

I own shares of BABA and recommend it to investors as I feel it is still undervalued.

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