Nasdaq BABA Alibaba

For global financial markets, the second year of the COVID pandemic has been nearly as dramatic as the first.

For global financial markets, the second year of the COVID pandemic has been nearly as dramatic as the first.

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What happened Shares of Alibaba (NYSE: BABA) stock bounced back from yesterday's tech sell-off, gaining 6.5% through 1:25 p.m. ET Tuesday as stock market analysts debated whether the company's just-announced turnaround plan will work or not.

SoftBank Group Corp is borrowing nearly $4 billion from a group led by private equity giant Apollo Global Management Inc, a source familiar with the matter said, as the conglomerate looks to increase cash on hand after its finances came under pressure.

What happened Shares of JD.com (NASDAQ: JD) were moving higher today alongside several Chinese tech stocks as markets bounced back after yesterday's sell-off.

It has been a rough year-plus for Alibaba (NYSE: BABA), which has seen its stock price decline some 60% since hitting all-time highs in October 2020. But with the calendar about to flip to 2022, management hopes to turn the page as well; Alibaba just held an analyst day in which

What happened Alibaba Group Holding (NYSE: BABA) shares were falling Monday, down about 7% as of 11:41 ET. The Chinese e-commerce giant held its annual investor day event last Thursday and Friday to outline its strategy for growth. Apparently, the strategy underwhelmed investors.

Alibaba (BABA) has affirmed its commitment to achieving carbon neutrality. The Chinese internet giant has introduced a Scope 3+ target through which it plans to ensure its operations are decarbonized by 2030. BABA shares rose 1.54% to close at $122.10 on December 17.

Alibaba is a Chinese company that operates online and mobile marketplaces. It has four business segments, Core Commerce, Cloud Computing; Digital Media and Entertainment; and Innovation Initiatives and Others. The Alibaba earnings report for Q4 2021 is scheduled for February 10, 2022.

Decarbonization Drive

The company plans to achieve carbon neutrality for Scope 1, 2, and 3 by 2030. It also intends to achieve CO2 neutrality in all three scopes by 2030 by facilitating 1.5 gigatons of decarbonization across its business ecosystem.

As part of the decarbonization drive, Alibaba is to rely on systematic and science-based approaches to achieve its targets. It also plans to rely on energy saving and efficiency improving technologies to enhance CO2 reductions. Its ultimate goal is to transform its energy structure by turning to renewables and exploring carbon removal initiatives.

According to Dr. Chen Long, Vice President of Alibaba Group, digital platforms will play a pivotal role in enabling a low carbon circular economic model. Consequently, the company remains on course to achieve the 1.5-degree target as set by the Paris agreement.

Stock Rating

Last week, Mizuho securities top analyst James Lee reiterated a Buy rating on BABA stock with a $215 price target, implying 10% upside potential to current levels. According to the analyst, the e-commerce giant is transitioning into a super-app as it seeks to meet the needs of diverse demographics, product categories, and content marketing.

Consensus among analysts is a Strong Buy based on 21 Buys and 2 Holds. The average Alibaba price target of $208.29 implies 70.59% upside potential to current levels.

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As a long-running Sino-U.S. diplomatic spat threatens to force Chinese companies off American stock exchanges, global equity investors are assessing ways to retain or add exposure to the world's second-biggest economy.

What happened The stock of Teladoc Health (NYSE: TDOC) exploded higher on Friday, up 11.8% as of 12:20 p.m., as shares of the telemedicine pioneer struggled to defy a downtrend that has cost the company a staggering 66% of its market capitalization since February this year.

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China's Alibaba told its investors on Friday that overseas e-commerce would be a key focus as it looks for new sources of growth after a difficult year at home.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

The past couple months haven't been a fun time to own shares of Chinese large-cap tech titan Alibaba (BABA). From the first day of November, through the close of trading Thursday, shares of the e-commerce giant have lost nearly 30% of their value -- about 10 times worse than the 3% losses seen on the Nasdaq as a whole.

Partly, this was Alibaba's own fault. In mid-November, the company's fiscal second quarter 2022 earnings report missed on both top and bottom lines, with net profit for the quarter coming in 10% below consensus estimates. Worse, management lowered guidance significantly, predicting the company might grow revenues as little as 20% this year -- versus previous guidance for 28% growth.

Partly, however, Alibaba's downfall arose from factors outside its control, in particular, the U.S. Securities and Exchange Commission's demand that Alibaba's Chinese auditors open up their books for independent inspection by the Public Company Accounting Oversight Board within three years -- under threat of Alibaba getting removed from its Nasdaq listing.

Because the SEC's disclosure demands conflict with instructions from on high -- the Chinese government -- Alibaba can't do much to affect the second factor weighing on its stock price. But it can try to fix the problems with its business, and as Baird's 5-star analyst Colin Sebastian explains, that's just what Alibaba is trying to do.

Relating the contents of Day One of Alibaba's two-day "Investor Day" currently ongoing, Sebastian reports that "despite significant headwinds... Alibaba is forging ahead with a multi-pronged strategy for growth" that will keep the company in "investment mode" for the foreseeable future. The company is expanding its logistics footprint and offering more local and grocery delivery services, upgrading its platform, and experimenting with "community buying," where groups of customers join together make large purchases of products (at a discount) and then distribute the loot amongst themselves.

Sebastian reminds investors that Alibaba has a large total addressable market worth 15 trillion Chinese yuan ($2.35 trillion) spread across 600 million Chinese internet users, and has effectively penetrated some of the most attractive segments of this market, including 90% of "younger consumers." It's also exploring new markets such as selling "unbranded" (i.e. generic) products to consumers via Taobao, and opening new markets in "less developed areas... [that are] still in the early stage of digitization" and therefore can only get bigger from here. The company is also experimenting with package delivery via unmanned vehicles (i.e. drones) as it works towards offering two-day and even same day delivery of orders.

Anticipating growth, Sebastian values Alibaba stock at an enterprise value 15 times his estimated earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2023. On this basis, he assigns Alibaba stock an "outperform" rating and a price target of $180 per share. If it gets there, Alibaba stock could return a 50% gain from here over the course of the next year. (To watch Sebastian's track record, click here)

Overall, Alibaba has a rare bullish outlook according to the Street. TipRanks reveals that in the last three months, BABA has received 21 "buy" ratings and just 2 "hold" ratings -- giving it a Strong Buy analyst consensus. Meanwhile, the $208.29 average analyst price target translate into ~71% upside potential from the current share price. (See BABA stock analysis)

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Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

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Alibaba Group will aim to achieve carbon neutrality in its own operations and slash emissions across its supply chains and transportation networks by 50% by the end of the decade, the Chinese e-commerce giant pledged on Friday.