2 Bargain Stocks That Could Make You Richer by 2030
The market rally has stalled since the start of the year, but it could be just a breather before another advance. Following a once-in-a-decade market correction in 2022, the blue chip-heavy S 500 index surged nearly 19% last year.
There are still top stocks trading at low price-to-earnings ratios, which is a good sign that the market rally has legs. Here's why shares of Alibaba Group (NYSE: BABA) and PayPal Holdings (NASDAQ: PYPL) are due for their own rally in the new year.
If you're looking for a bargain among industry leaders that is profitable and has a wide customer reach, look no further than Alibaba. It's the leading e-commerce and cloud computing provider in China, but the stock is trading at a forward price-to-earnings (P/E) ratio of just 7.5, which is absurdly cheap.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 41 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a hugely positive potential of 54.61% for Alibaba Group Holding Ltd ADR compared to the current price of 70.5 €.
