2 Ways Alibaba Stock Could Create Enormous Value for Investors
Alibaba's (NYSE: BABA) stock has had a tough time in the last two years as the company faced declining growth and increasing competition. Still, the tech conglomerate has not given up. Alibaba recently announced a variety of steps to enhance shareholder value. Two strategic moves in particular could create significant value for investors. Let's take a look at them.
Alibaba has exemplified China's massive success in the last two decades. Founded as an e-commerce business, the tech conglomerate has over the years built a business empire spanning cloud computing, logistics, fintech entertainment, and others.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 48 Buy predictions and 3 Sell predictions.
With a target price of 105 € there is a positive potential of 43.25% for Alibaba Group Holding Ltd ADR compared to the current price of 73.3 €.