Alibaba Stock: Buy, Sell, or Hold?
The past three years have been tough for (NYSE: BABA) and, by extension, its shareholders. While the stock of China's e-commerce and tech giant performed well during the early days of the COVID-19 pandemic, Beijing's regulatory crackdown on its various business segments, paired with lingering economic malaise, took a sizable toll.
Most economists aren't particularly optimistic about China's foreseeable future either and most of Alibaba's revenue comes from China. That's a big reason Alibaba shares remain down 75% from their late-2020 peak. The stock merely moved sideways since March of last year.
What if, however, China's economy is far healthier than the current narrative seems to suggest?
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€68.90
-0.720%
With 44 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 very positive potential of 58.2% compared to the current price of 68.9 € for Alibaba Group Holding Ltd ADR.
