Are you ready for the next potential Apple (AAPL - Get Report) or Amazon (AMZN - Get Report) ?

Too often, people seem to forget about Alibaba (BABA - Get Report) . Shares of this Chinese internet behemoth have been flying lately, up more than 14% in the past month. It was up another 1% on Wednesday, as analysts continue to warm up to the name. On Tuesday, analysts at SWS upgraded the stock to buy and assigned a $169 price target and on Wednesday, it got some love from analysts at Hua Tai Securities, who initiated Alibaba with a buy rating and assigned a quite-specific price target of $173.90. 

This comes after analysts at MKM Partners reiterated their bullish stance on Alibaba and raised their price target to $177 from $155.

SWS' target implies more than 20% upside from current levels, while MKM's represents more than 27% upside. Earlier this month, Alibaba's stock went from $125 to more than $140 after stronger-than-expected revenue guidance emerged from its investor meeting.

Now boasting a market cap near $340 billion, Alibaba is one of the largest companies on earth. However, it still seems to fly under the radar when compared to stocks like Amazon, Apple, Facebook (FB - Get Report) , Netflix (NFLX - Get Report) and Alphabet/Google (GOOGL - Get Report) (GOOG - Get Report) . TheStreet was lucky enough to sit down with Alibaba's Vice Chairman Joe Tsai. 

"It's for sure the most thrilling journey that I've had in my life," he told TheStreet, before extrapolating a bit on the business. 

Ranging from mountains of user data to cheap, more easily accessible computing power, Tsai shared quite a bit of information with TheStreet. Because so many Chinese customers use mobile devices, it's opened up entirely new retail strategies. It's refreshing to hear a company embrace the changing landscape in retail.

Tsai eventually details Alibaba's "New Retail" strategy, which can be read about in our full-length piece.

Think Alibaba is a slouch? That's not the case, as it grew sales almost 60% last quarter, which is insane for a $340 billion company. People cheer for Amazon as it continues to grow revenue at a clip of 20% or more, which makes Alibaba's growth that much more impressive. Plus, Alibaba is more profitable than Amazon.

So could Alibaba be the next Amazon or even grow to eventually be the size of Apple? In this market, the answer is yes.

What's Hot on TheStreet

Respect the stock charts: Don't feel too relieved by volatile tech name Nvidia (NVDA - Get Report) finishing in the green on Monday after a violent selloff.

Nvidia underwent a "key reversal" on Friday that could send the stock plunging another 36%, BMO technical analyst Russ Visch said in a new note. Visch points out that normally, these pullbacks tend to lead to the stock falling back to its 200-day moving average. In the case of Nvidia, the 200-day moving average is $96.70, or $36% below Monday's closing price of $149.97. "Considerable downside risk exists here," said Visch.

On Friday, shares of Nvidia were off to another big rally, hitting new all-time highs of $168.50 following an analyst pontificating the stock could surge to $300. But the party abruptly ended Friday afternoon and continued into most of Monday's trading session. The reversal in one of the hottest tech stocks around spooked the market, pressuring shares of other high-flyers in the space such as Amazon (AMZN - Get Report) and Apple (AAPL - Get Report) .

Apple and innovation: The reality of the here and now is that the public and would-be buyers of Apple's stock harbor greater doubts about Apple's ability to innovate than in many years, reports TheStreet. Apple did nothing to quiet those concerns by introducing its new voice activated speaker, sources explained to TheStreet.

Yet another Tesla bull: A new day, yet another Wall Street firm with some bold proclamations on electric car maker Tesla (TSLA - Get Report) . Tesla shares were upgraded to buy from hold on Tuesday by Berenberg, citing the company's "disruptive potential" in the auto industry. The company could have a "near monopolistic" opportunity to gain market share and out-perform rivals, Berenberg writes.

The firm sees Tesla shares surging about 30% from Monday's closing price to $464.

Apple, Alphabet and Facebook are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL, GOOGL and FB? Learn more now.

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.