Alibaba Just Launched Its Latest AI Model. Here's Why You Should Still Avoid the Stock.
Competition in the cloud appears to be heating up. China-based tech giant Alibaba Group (NYSE: BABA) has released an artificial intelligence (AI) update in a likely attempt to challenge cloud leaders Amazon and Microsoft.
Yet the stock remains lackluster, selling for little more than its initial public offering (IPO) price nine years ago. Plus, rising political risk surrounding this company is causing some investors to avoid the stock. Here's why they're right to do so for now.
By any measure, Alibaba Cloud is a force in the cloud industry. As measured by market share, it is the fourth-largest cloud provider.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€74.90
0.270%
With 42 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 109 € shows a positive potential of 45.53% compared to the current price of 74.9 € for Alibaba Group Holding Ltd ADR.
