Alibaba Price Targets Slashed for 18th Straight Week

The video discusses Alibaba's short-term challenges, including downgrades and financial outlook cuts, with revenue growth expectations lowered from 27% to 20% and net income falling by 81%. Despite a mid-October rally, Alibaba's shares have declined significantly, with price targets being slashed due to regulatory and economic pressures in China. Analysts remain optimistic about Alibaba's long-term prospects, with 56 out of 61 recommending a buy. However, some are shifting focus to JD.com, which has seen a 44% rally since August.

How have Wall Street analysts responded to Alibaba's stock price targets recently?

What are the main factors affecting Alibaba's business as discussed in the text?