Alibaba Group Holding Limited's BABA travails are far from over, at least in the near term, although its long-term future is promising, an analyst at Raymond James said in a Wednesday note. The Alibaba Analyst: Aaron Kessler maintained an Outperform rating on Alibaba shares and reduced the price target from $220 to $200. The Alibaba Takeaways: China's e-commerce growth has slowed further, from 8.7% in the September quarter to about 5.3% in the December quarter, Kessler said.