Is Alibaba Stock a Warren Buffett-Worthy Investment?
A cursory inspection might make some investors wonder why Warren Buffett and his company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), have never taken a position in Chinese tech conglomerate Alibaba (NYSE: BABA). It's the leading e-retailer in China and has many similarities to Berkshire-holding Amazon, possibly making it a logical choice.
Buffett and his team often make unexpected investment decisions, and investment proposals often fall through upon closer inspection. Nonetheless, researching whether one can view Alibaba as a "Buffett stock" could provide valuable insights on whether average investors should take a position in it.
Image source: Alibaba Group.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€112.00
0.360%
The stock is an absolute favorite of our community with 44 Buy predictions and no Sell predictions.
With a target price of 161 € there is a positive potential of 43.75% for Alibaba Group Holding Ltd ADR compared to the current price of 112.0 €.
