Strange: Bullish BABA Analysts Actually See -4.9% Downside

Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with Alibaba Group Holding Ltd (NYSE: BABA). The average 12-month price target for BABA — averaging the work of 21 analysts — reveals an average price target of $104.00/share. That's a whopping -4.9% below where BABA has been trading recently at $109.36/share. With this kind of downside potential (should BABA fall to that price target), one might expect to see a high concentration of "hol...