Why Is Alibaba Stock Down After Earnings?

In this video, I will talk about (NYSE: BABA), review its recent earnings report, and talk about why the stock is down despite improved profitability and the announcement of an annual cash dividend.

*Stock prices used were from the trading day of Nov. 15, 2023. The video was published on Nov. 16, 2023.

Source Fool.com

Alibaba Group Holding Ltd ADR Stock

The price for the Alibaba Group Holding Ltd ADR stock decreased slightly today. Compared to yesterday there is a change of -€0.500 (-0.720%).
With 44 Buy predictions and 2 Sell predictions Alibaba Group Holding Ltd ADR is one of the favorites of our community.
As a result the target price of 109 € shows a very positive potential of 58.2% compared to the current price of 68.9 € for Alibaba Group Holding Ltd ADR.

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