Oppenheimer analyst Ella Ji came out with a few insights on Alibaba Group Holding Ltd (NYSE:BABA), following the company's SAIC report, which provided some color on current business progress. The analyst rates the stock an Outperform with a $105 price target, which represents a potential upside of 26% from where the stock is currently trading. 

Ji noted, "We stay bullish on BABA's long-term growth potential yet adjust down our estimates based on recent business updates. Following the SAIC report, BABA has stepped up measures in cracking down counterfeit products and strengthening controls, signaling some NT adjustments in GMV growth. The continued strong demand for long-tail keywords, the ongoing mix shift to mobile, and the suspension of online lottery sales will also likely hurt blended take rate in the coming quarters."

However, "We stay confident over the long term, as we believe tighter control should make BABA more immune to potential risks (product quality and regulation-related) and ensure healthier growth."

Alibaba shares are currently trading at $82.80, down $0.44 or 0.44 percent.

According to TipRanks.com, which measures analysts' and bloggers' success rate based on how their calls perform, analyst Ella Ji has a total average return of -3.3% and a 35.1% success rate. Ji has a -18.8% average return when recommending BABA, and is ranked #3223 out of 3562 analysts.