Alibaba Is Counting on These 2 Strategies to Regain Its Glory. Can It Pay Off for Investors?
Once an investor darling, Alibaba Group (NYSE: BABA) has fallen from grace. A series of challenges, such as the crackdown by the Chinese government, slower growth, and a massive management shuffle, have left shareholders in confusion and disappointment.
Still, the tech giant has not given up on its turnaround efforts, and the appointment of the new management team could get the company back on track.
Image source: Getty Images.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€75.80
-0.130%
With 35 Buy predictions and 2 Sell predictions Alibaba Group Holding Ltd ADR is one of the favorites of our community.
As a result the target price of 114 € shows a very positive potential of 50.4% compared to the current price of 75.8 € for Alibaba Group Holding Ltd ADR.
