Thursday, October 23, 2014 6:44:13 PM
Drew Sandholm--6 Hours Ago
Click For cnbc.com Link
Barclay's initiated coverage on Alibaba Group with a "buy" rating, yet another reason to like the Chinese e-commerce giant's stock, CNBC's Jim Cramer said Thursday.
Across the board, the Internet retailer's numbers have been "extraordinary," Cramer said. Unlike rival Amazon.com, Alibaba is not only flush with cash, but "lucrative" because it invests in a variety of things, like a competitor of ride-share service Uber.
In turn, Cramer thinks BABA "goes higher," possibly to $120 a share in the near future.
TRUTH
I've never claimed to have all the answers but feel i'm beginning to corner the market in questions worthy of solutions.
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