3 Reasons I'm Cautiously Optimistic About Alibaba's Recovery
The last few years have been tough for (NYSE: BABA) and its investors as the company has struggled with multiple issues, such as intense competition, the ongoing crackdown by the Chinese government, and the weak economy.
As the company announced its latest earnings results last week, shareholders (myself included) hope to find some signs of stabilization from its recent numbers. Fortunately, some positive indicators suggest that the recovery is on track.
Image source: Getty Images.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€75.40
3.010%
The stock is one of the favorites of our community with 46 Buy predictions and 3 Sell predictions.
With a target price of 105 € there is a positive potential of 39.26% for Alibaba Group Holding Ltd ADR compared to the current price of 75.4 €.
