3 Red Flags for Alibaba's Future
's (NYSE: BABA) stock stayed nearly flat this year, even after the company's latest quarterly report in August easily cleared Wall Street's expectations.
The bears are still convinced its high-growth days are over as it faces a wall of macro, competitive, and regulatory challenges. The bulls believe it's undervalued and its growth will eventually accelerate as those headwinds dissipate. But these three red flags suggest its turnaround won't happen anytime soon.
Image source: Alibaba.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€68.90
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As a result the target price of 109 € shows a very positive potential of 58.2% compared to the current price of 68.9 € for Alibaba Group Holding Ltd ADR.
