This E-commerce Giant Is on Sale Now
E-commerce has been a huge growth industry, evidenced by its solid performance over the last two decades, and that trend could continue for years, if not decades. An increase in global internet penetration, demand for better shopping experiences, and the growth of social commerce are some of the significant tailwinds that will sustain the development of this industry.
To benefit from this ongoing trend, investors can bet on leading e-commerce companies that are well-positioned to perform in the foreseeable future. Let's explore one company with good prospects and is also trading at an attractive valuation: (NYSE: BABA).
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Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€68.60
-2.700%
The stock is one of the favorites of our community with 43 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a hugely positive potential of 58.89% for Alibaba Group Holding Ltd ADR compared to the current price of 68.6 €.
