Hidden Gem: Unveiling the Rising Star Within Alibaba's Vast Empire, and Why Investors Should Be Paying Close Attention
Once a giant in the Chinese technology industry, Alibaba Group (NYSE: BABA) has fallen from grace in recent years. It faced numerous challenges, such as competition and the crackdown by the Chinese government, which impacted its performance. And after the conglomerate delivered its weakest growth -- 2% -- in the last fiscal year, investors aren't too optimistic about its prospects.
Yet, within its vast empire lies a hidden gem quietly emerging as the next growth engine for the company.
Image source: Getty Images.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€80.70
-0.980%
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 35.07% compared to the current price of 80.7 € for Alibaba Group Holding Ltd ADR.
