Citi Keeps Buy Rating on Alibaba (BABA) Despite White House Memo

Alibaba Group Holding Limited (NYSE:BABA) is one of the Chinese tech stocks to buy now. On November 17, Citi analysts said they consider the White House memo, which alleges ties between Alibaba Group Holding Limited (NYSE:BABA) and the Chinese military, as a short-term overhang on the company’s stock rather than a long-term risk. Accordingly, the analysts reiterated a Buy rating on Alibaba shares and maintained the $218 price target. In the analysts’ view, any potential selloff stemming from the memo is a ...