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NEW YORK (TheStreet) --MKM Partners raised its price target on Alibaba (BABA) - Get Free Reportstock to $130 from $90, claiming that the Chinese e-commerce giant will be "the best performing large-cap in the Internet sector for the next 12 months."

MKM added that the total addressable Chinese market through the increased developments in cloud technology will be huge for Alibaba in the years to come.

CNBC's "Fast Money Halftime Report" panel debated the stock during Friday's program.

Co-Founder of Najarian Family and Advisors Office Jon Najarian, though a buyer of Alibaba, says there's another Internet stock he prefers.

"I like it, and I bought it. But, I don't think it's the Internet play for the next year or the next several years. I think Netflix is that. Another stock I bought, and I like Netflix better," Najarian explained.

Ritholtz Wealth Management CEO Josh Brown, though not currently in it, has done okay with the stock in past but, says the key to being in Chinese Internet stocks is to be diverse.

"It seems like everything Alibaba is pursuing now looks like a Chinese-version of Amazon (AMZN), which is a compliment. However, I genuinely believe that to play the Chinese Internet sector you want to be broader. I've talked about KraneShares Trust (KWEB) over the years as a better way to play. The single stock risk with any Chinese company I believe is elevated," Brown said.

Shares of Alibaba were higher during mid-afternoon trading on Friday.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Alibaba's strengths such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity are countered by the fact that the company's cash flow from its operations has been weak overall.

You can view the full analysis from the report here: BABA

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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