Can Alibaba Stock Return to Its Past Glory?
Once a Wall Street darling, (NYSE: BABA) has been a problem child for most investors over the last three years. A series of setbacks, including the calling off of Ant Group's IPO and muted growth, has set Alibaba's stock for a spiraling decline, down more than 70% from its peak of $317 per share.
To address the current situation, Alibaba is undergoing a massive corporate restructuring by breaking itself into six separate units. But there is plenty more that the company can -- and needs to -- do to turn around the ship. In this article, we will explore two crucial areas that Alibaba needs to address to regain investors' support.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
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 42.66% for Alibaba Group Holding Ltd ADR compared to the current price of 73.6 €.