Alibaba Stock Has a Lot to Prove This Week
One of China's most prolific growth stocks will be reporting fresh financials this week. A lot is riding on what Alibaba Group (NYSE: BABA) has to say when it announces its fiscal first-quarter results a couple of hours before the market opens on Thursday morning.
The e-commerce giant hasn't been an inspiring investment on this end of the pandemic. The shares were nearly cut in half in 2021, going on to shed another quarter of their value last year. The stock is trading higher this year, but with a year-to-date gain of less than 10% it's losing to the market for the third consecutive year.
A strong report can get Alibaba back on track. It could also get the Chinese bellwether back on the radar of growth investors.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€72.90
3.400%
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 €.
