What To Know Before Buying Alibaba Stock
Has (NYSE: BABA) stock made its way back onto your radar? If so, you're not the only one. A regulatory crackdown beginning in the midst of the COVID-19 pandemic weighed this stock down all the way through the middle of 2024. There's a reason, however, shares have more than doubled since then, and are still moving higher.
Before stepping into this choppy recovery though, there are three things you might want to know.
Alibaba's roots are in the e-commerce business. It launched Taobao in 2003 as a consumer-to-consumer sales platform, and then business-to-consumer marketplace Tmall in 2008. Both were quickly embraced too. Indeed, investment-management outfit DBS believes the combined sales of both sites collectively account for roughly 40% of China's entire e-commerce market.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 45 Buy predictions and 1 Sell predictions.
With a target price of 157 € there is a slightly positive potential of 18.22% for Alibaba Group Holding Ltd ADR compared to the current price of 132.8 €.
