Where Will Alibaba Stock Be in 5 Years?
One of the most disappointing international stocks over the past five years undoubtedly has been Chinese e-commerce, logistics, and technology infrastructure company Alibaba (NYSE: BABA). While the S 500 has risen over 80% over that time, Alibaba stock is down nearly 60%.
Over that period, Alibaba has been able to grow both revenue and earnings. For its most recent quarter, ended December 2023, the company reported revenue of $36.7 billion and adjusted earnings per American depository share (ADS) of $2.67. That's decidedly better than its December 2018 quarter, when it recorded revenue of $17.1 billion and earnings per share (EPS) of $1.77.
Below, I'll look at why the stock has been beaten down and where it could be headed in the next five years.
Source Fool.com
Alibaba Group Holding Ltd ADR Aktie
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