NEW YORK (TheStreet) -- Alibaba 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. Must Read: Warren Buffett's 25 Favorite Stocks 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. B data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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