As the operating environment shows signs of improvement, US Tiger Securities analyst Bo Pei upgraded BABA stock to a Buy from a Hold

Pei added, “Despite the more challenging June quarter, we are upgrading BABA to BUY as we believe both revenue and profitability will bottom out and hit a long-awaited inflection point in the quarter.”
The analyst expects Alibaba’s growth to improve in the second half of this year, benefitting from easier year-over-year comparisons and government stimulus.
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