Why Alibaba Stock Jumped Today
The rally in Alibaba (NYSE: BABA) stock continued today after the Chinese tech giant just announced plans to ramp up its spending on artificial intelligence (AI). That's been a winning approach for American tech stocks, so it wasn't a surprise to see Alibaba jump on the news.
As of 10:22 a.m. ET, the stock was up 9%.
Image source: Alibaba.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€145.80
-0.820%
With 47 Buy predictions and 1 Sell predictions Alibaba Group Holding Ltd ADR is one of the favorites of our community.
As a result the target price of 165 € shows a slightly positive potential of 13.17% compared to the current price of 145.8 € for Alibaba Group Holding Ltd ADR.
