Alibaba Stock: Buy, Sell, or Hold?
When (NYSE: BABA) went public at $68 per American depositary share (ADS) on Sept. 19, 2014, the Chinese e-commerce and cloud leader raised $25 billion and eclipsed Facebook -- now known as Meta Platforms -- as the largest U.S. IPO in history. Its stock eventually rallied to an all-time high of $317.14 on Oct. 27, 2020.
But today, Alibaba's stock trades at about $83 a share. The bulls retreated as Alibaba faced three major headwinds: China's antitrust crackdown on its core e-commerce business, China's economic slowdown, and the unresolved delisting threats for U.S.-listed Chinese stocks. So should investors view Alibaba as a contrarian buy or a falling knife right now? Let's review the main reasons to buy, sell, or hold this polarizing Chinese stock.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
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.