Alibaba Is Counting on These 2 Strategies to Regain Its Glory. Can It Pay Off for Investors?
Once an investor darling, Alibaba Group (NYSE: BABA) has fallen from grace. A series of challenges, such as the crackdown by the Chinese government, slower growth, and a massive management shuffle, have left shareholders in confusion and disappointment.
Still, the tech giant has not given up on its turnaround efforts, and the appointment of the new management team could get the company back on track.
Image source: Getty Images.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€74.60
-1.060%
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 40.75% for Alibaba Group Holding Ltd ADR compared to the current price of 74.6 €.
