BABA is trading below its IPO price. Last opportunity to buy so low.
Sentiment: Strong Buy
Mean price target is ~$90. Barron's says $32. Has Barron's demonstrated superior predictive capability?
Either they are all stupid, or Barron's is.
wonder which hedge fund paid them off to write this fairy tale.
In March, Barron's target was $125. In Sept. their target is $32. They DON'T HAVE A CLUE. Almost anyone could do better than that. Amazing how they have such a good reputation.
Barron's, like Cramer, is only about 50% correct in its "predictions". Seems like this is a way for the big boys to buy low as people sell in panic mode. Hold this baby. It's already below its IPO price. Could be $120 in 12 months.