Analysts reboot Alibaba stock price target after earnings


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If only those magic words worked for real. In the fable "Ali Baba and the 40 Thieves," the eponymous hero gains access to a cave full of riches by uttering the phrase "open sesame." Related: Single Best Trade: Wall Street veteran picks Palantir stock Jack Ma, co-founder of Alibaba (BABA,) liked the story so much that he named a Chinese e-commerce giant after the hero of the story. "Alibaba is a kind, smart businessperson," Ma said in a 2006 interview. "Alibaba opens sesame for small- to medium-sized companies." Unfortunately, we live in a world that is somewhat short of magic,...