2 Magnificent Growth Stocks to Buy on the Dip
The stock market can be very unpredictable year to year, but the most surefire predictor of long-term returns is whether you own shares of companies that are reporting growing revenue. If you hold a collection of magnificent companies that grow over many years, you're effectively guaranteed to grow the value of your investments.
Now might be a great time to consider buying shares of Chinese tech giant (NYSE: BABA) and top retailer Ulta Beauty (NASDAQ: ULTA). These stocks are down from their highs, but trade at discounted valuations. These could be timely picks for a long-term growth investor.
Alibaba is the largest e-commerce company in China. The stock got knocked down over the last few years thanks to a sluggish economy, but the shares are now selling at a cheap valuation that hardly prices in any future growth, which seems very unrealistic for the tech giant.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
With 58 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 98 € shows a positive potential of 42.44% compared to the current price of 68.8 € for Alibaba Group Holding Ltd ADR.