NEW YORK (TheStreet) -- Alibaba (BABA) shares are down 1% to $89.52 on Monday despite having coverage initiated with a "positive" rating by analysts at Susquehanna, who also set a $110 price target on the company's shares.
The firm expects the Chinese e-commerce giant to grow sales by 37% and earnings by 30% over the next three years.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Alibaba went public two weeks ago in a $25 billion IPO that was the largest ever.
Alibaba's stock price has increased 31.6% from its IPO price of $68 since September 18.
Watch the video below for more analysts actions Monday:B data by YCharts