Alibaba Stock Has 19% Upside, According to 1 Wall Street Analyst
Sprawling Chinese tech company Alibaba Group (NYSE: BABA) hasn't been all that mighty on the U.S. stock market of late. The company's stock has underperformed market indexes significantly and continues to suffer as the market shows a lack of interest in Chinese titles.
That presents an opportunity to buy it at a discount, in the view of a Morgan Stanley pundit. While he's not exactly bullish on the company, he does feel its share price could rise by almost 19% over the next 12 months or so.
The analyst behind the somewhat askew recommendation/price target combination is the investment bank's Gary Yu. In early April, in a new research note, he reiterated his equal weight (read: hold) tag on Alibaba stock and $85 per American Depositary Share (ADS) price target. The latter is nearly 19% higher than the Asian tech giant's most recent closing ADS price.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 41 Buy predictions and 2 Sell predictions.
With a target price of 109 € there is a positive potential of 49.52% for Alibaba Group Holding Ltd ADR compared to the current price of 72.9 €.
