Where Will Alibaba Stock Be in 5 Years?
One of the most disappointing international stocks over the past five years undoubtedly has been Chinese e-commerce, logistics, and technology infrastructure company Alibaba (NYSE: BABA). While the S 500 has risen over 80% over that time, Alibaba stock is down nearly 60%.
Over that period, Alibaba has been able to grow both revenue and earnings. For its most recent quarter, ended December 2023, the company reported revenue of $36.7 billion and adjusted earnings per American depository share (ADS) of $2.67. That's decidedly better than its December 2018 quarter, when it recorded revenue of $17.1 billion and earnings per share (EPS) of $1.77.
Below, I'll look at why the stock has been beaten down and where it could be headed in the next five years.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 164 € there is a hugely positive potential of 53.27% for Alibaba Group Holding Ltd ADR compared to the current price of 107.0 €.
