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Alibaba Earnings: Why Are Shares Down on a Strong Report?

TheMotleyFool

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Alibaba Earnings: Why Are Shares Down on a Strong Report?: https://g.foolcdn.com/editorial/images/733030/baba.png

In this video, I will talk about (NYSE: BABA), review its recent earnings report, and explain why the stock is down on a double-beat earnings report.

*Stock prices used were from the trading day of May 17, 2023. The video was published on May 18, 2023.

Source Fool.com

Alibaba Group Holding Ltd ADR Stock

We can see a decrease in the price for Alibaba Group Holding Ltd ADR. Compared to yesterday it has lost -€1.100 (-1.480%).
With 48 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 43.25% compared to the current price of 73.3 € for Alibaba Group Holding Ltd ADR.

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