Alibaba stock slide continues: Analyst sees ‘few near-term positive catalysts’ but upcoming event could reset expectations

U.S.-listed shares of Alibaba Group Holding Ltd. continued their decline Friday as analysts continued to weigh in on the company’s disappointing earnings report and its slashed forecast driven by macroeconomic pressures in China as well as competitive dynamics in the market.

Alibaba’s American depositary receipts BABA are off 2.1% in Friday afternoon trading, after falling 11.1% in Thursday’s session to post their worst single-day selloff in roughly 11 months.

“While…