Why Bulls Are Getting Excited About Alibaba Again
Alibaba Group (NYSE: BABA) spent the past few years rebuilding investor trust. Regulatory crackdowns, fierce competition, and an uneven macroenvironment pushed the stock into deep value territory. Many investors moved on.
However, in recent quarters, the tone surrounding Alibaba has shifted. Bulls are leaning back in, sentiment is improving, and the company is delivering early signs of strategic progress. While risks remain, there are three clear reasons why bullish investors see Alibaba entering a new chapter.
Image source: Getty Images.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€123.60
-1.590%
The stock is an absolute favorite of our community with 40 Buy predictions and no Sell predictions.
With a target price of 157 € there is a positive potential of 27.02% for Alibaba Group Holding Ltd ADR compared to the current price of 123.6 €.
