Can Alibaba Stock Return to Its Past Glory?
Once a Wall Street darling, (NYSE: BABA) has been a problem child for most investors over the last three years. A series of setbacks, including the calling off of Ant Group's IPO and muted growth, has set Alibaba's stock for a spiraling decline, down more than 70% from its peak of $317 per share.
To address the current situation, Alibaba is undergoing a massive corporate restructuring by breaking itself into six separate units. But there is plenty more that the company can -- and needs to -- do to turn around the ship. In this article, we will explore two crucial areas that Alibaba needs to address to regain investors' support.
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Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€110.80
-7.670%
The stock is one of the favorites of our community with 45 Buy predictions and 3 Sell predictions.
With a target price of 128 € there is a slightly positive potential of 15.52% for Alibaba Group Holding Ltd ADR compared to the current price of 110.8 €.
