How Will This Coverage Initiation Affect Alibaba (BABA) Stock Today?

NEW YORK (TheStreet) -- Shares of Alibaba  (BABA) were down 1% to $92.95 in pre-market trading Monday after MKM Partners initiated coverage on the stock as a "buy" with a $125 price target.

The firm said the Chinese company is a powerhouse in the best secular market for e-commerce.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

BABA Price Chart BABA Price data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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