Where Will Alibaba Stock Be in 10 Years?
(NYSE: BABA), the largest e-commerce and cloud company in China, went public at $68 per share on Sept. 18, 2014. It raised $25 billion, making it the largest IPO in history at the time, and it held that record until Saudi Aramco's $29.4 billion IPO in 2019.
Alibaba's stock closed at a record high of $310.29 on Oct. 27, 2020. That marked a 356% gain from its IPO price. At the time, investors were dazzled by the robust growth of its e-commerce and cloud businesses, as well as its rapid expansion into adjacent markets.
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Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€120.00
1.700%
The stock is an absolute favorite of our community with 45 Buy predictions and no Sell predictions.
With a target price of 161 € there is a positive potential of 34.17% for Alibaba Group Holding Ltd ADR compared to the current price of 120.0 €.
