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Alibaba stock just suffered the biggest 5-day selloff in its history, but Susquehanna analyst stays ‘positive’

·3 min read
Alibaba stock just suffered the biggest 5-day selloff in its history, but Susquehanna analyst stays ‘positive’
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Shares of Alibaba Group Holding Ltd. bounced Wednesday, to put them on track to snap the worst five-day performance in their public history, as Susquehanna analyst Shyam Patil slashed his price target but continued to push his "positive" view on the China-based e-commerce giant.