Alibaba Could Be a No-Brainer Buy in April
Stocks opened sharply lower on Thursday, following the official rollout of higher-than-expected U.S. tariffs on imports. There's no shortage of companies and consumers that will suffer from the inflationary pressures or rising input costs. However, there are some stocks likely to tumble in the aftermath of the new normal that should hold up better than the downticks suggest.
(NYSE: BABA) joined the majority of stocks opening lower on Thursday morning. On the surface, it makes sense. It's an e-commerce pioneer in China, one of the more prominent targets in the trade war. If you've ever bought from Chinese sites that offer eye-rubbing low prices, you have probably come across Temu, Shein, and Alibaba's own entry, AliExpress.
Reality is kinder than the knee-jerk reaction, though. Let's delve into why Alibaba could be a no-brainer buy following the tariff-related pullback in its stock price.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
With 47 Buy predictions and not a single Sell prediction Alibaba Group Holding Ltd ADR is an absolute favorite of our community.
As a result the target price of 164 € shows a positive potential of 48.55% compared to the current price of 110.4 € for Alibaba Group Holding Ltd ADR.
