NEW YORK (TheStreet) -- TheStreet's Jim Cramer says Alibaba (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report is on the move. He thinks the Chinese e-commerce giant is a buy and believes it can get to $110.
Cramer maintains that the way to play Alibaba is through Yahoo! (YHOO) . If Yahoo! is able to get its tax situation in hand by minimizing its taxes, then Cramer says the stock would go to $60. He also notes the stock has tripled to $45 since Marissa Mayer took over.
Cramer says Mayer has kept enough of Alibaba that she will be able to monetize it at better prices with better taxes. He adds Mayer will be able to purchase almost any company that investors would want and roll them up if she wants to do so.
Must Watch:Jim Cramer Says The Way To Play Alibaba Is Through Yahoo
Cramer states Yahoo! remains a buy and Alibaba goes to $110.
Alibaba was up 2.23% to $99.97 at 11:57 a.m. on Tuesday, while Yahoo! was up 2.44% to $45.79.
TheStreet Ratings team also rates Yahoo! as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate YAHOO INC (YHOO) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: YHOO Ratings Report