1 Reason I'm Never Selling Alibaba Stock
Imagine being able to attempt challenging aerial feats, knowing that you have the mother of all safety nets waiting for you. When it comes to having freedom to take financial risks, the only thing better than being born a trust fund heir or a nepo baby is to be (NYSE: BABA).
That took an unexpected turn, but as a somewhat recent Alibaba shareholder -- I've owned the Chinese e-commerce pioneer for roughly two years -- it's a point that sticks with me. Alibaba is a cash tree that generates enough dough to bankroll forward-minded bets. Why would I want to sell the stock, when it's the gift that keeps on giving?
Image source: Getty Images.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€109.00
-3.020%
The stock is an absolute favorite of our community with 45 Buy predictions and no Sell predictions.
With a target price of 158 € there is a positive potential of 44.95% for Alibaba Group Holding Ltd ADR compared to the current price of 109.0 €.
