2 Reasons to Be Bullish About Alibaba Stock
It's been frustrating for investors in (NYSE: BABA) stock. After peaking in 2020 at $306, it has gone nowhere but down, trading at just $77 as of writing. Most investors have avoided the stock as the company undergoes multiple internal and external challenges, including competition, slower growth, and geopolitical tensions.
Still, investors with a longer horizon might want to focus not only on the downsides but also the opportunities. Let's focus today on the latter, pointing out two reasons to be optimistic about the company.
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Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€75.50
4.000%
With 45 Buy predictions and 3 Sell predictions Alibaba Group Holding Ltd ADR is one of the favorites of our community.
As a result the target price of 105 € shows a positive potential of 39.07% compared to the current price of 75.5 € for Alibaba Group Holding Ltd ADR.
