Alibaba Stock: Buy, Sell, or Hold?
Alibaba Group (NYSE: BABA) has had a rough time recently, with the stock down nearly 60% over the past five years. However, billionaire co-founder Jack Ma recently praised the company and its restructuring efforts. Ma said that while mistakes have been made in the past, the decision to split the company into six divisions has led it to become more agile and customer-focused.
Let's look at Alibaba's prospects and if the stock is currently a buy, sell, or hold.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€76.40
-3.780%
The stock is one of the favorites of our community with 42 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a positive potential of 42.67% for Alibaba Group Holding Ltd ADR compared to the current price of 76.4 €.
