1 Growth Stock Down 75% to Buy Right Now
If you've made a point of steering clear of China's e-commerce behemoth Alibaba Group (NYSE: BABA) of late, that's certainly understandable. The country's economy is seemingly on the defensive, and the company is attempting to restructure itself with limited success so far. It would also be naïve to forget Beijing's 2020 regulatory crackdown on many of the nation's major technology names, the echoes of which may still be ringing.
These are all reasons Alibaba shares haven't budged since 2022 following their steep sell-off from 2020's peak.
Investors, however, are better served by looking to the future rather than remaining fixated on the past. And Alibaba's future actually looks quite promising.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€70.50
0.860%
The stock is one of the favorites of our community with 42 Buy predictions and 2 Sell predictions.
With a target price of 108 € there is a hugely positive potential of 53.19% for Alibaba Group Holding Ltd ADR compared to the current price of 70.5 €.
