Is It Finally Safe to Buy Alibaba Stock?
Alibaba (NYSE: BABA) notoriously burned investors in 2021.
When American tech stocks were soaring during the COVID-19 pandemic, the Chinese tech giant was heading in the other direction as a crackdown from Beijing made the stock kryptonite to many investors, and a weak Chinese economy only made matters worse.
Now, after chugging along in the sub-$100 range for a roughly three-year period, something surprising has happened to the stock. Alibaba is soaring. The stock is up 44% over the last month, and has more than doubled year to date, up 110% now.
Source Fool.com
Alibaba Group Holding Ltd ADR Aktie
127,20 €
-0,31 %
Starke Kaufneigung bei Alibaba Group Holding Ltd ADR, mit mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 157 € für Alibaba Group Holding Ltd ADR könnte zu einer Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 127.2 € führen.
