Why I'm Cautiously Optimistic About Alibaba Stock
Alibaba Group (NYSE: BABA) has tested investors' patience over the past few years. From regulatory crackdowns to slowing consumer spending and intensifying competition from Pinduoduo and Meituan, the company went from China's undisputed tech champion to a stock many investors gave up on.
But the latest results suggest there are reasons to turn more optimistic. While risks remain, Alibaba is showing early signs of strategic progress in areas that matter for the long run. Here are three reasons investors should take another look.
Image source: Getty Images.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€145.20
0.690%
The stock is one of the favorites of our community with 47 Buy predictions and 1 Sell predictions.
With a target price of 163 € there is a slightly positive potential of 12.26% for Alibaba Group Holding Ltd ADR compared to the current price of 145.2 €.
