Down 50% in 5 Years, Is Now the Time to Buy Alibaba Stock as Its Turnaround Progresses?
Alibaba (NYSE: BABA) shares have been in a downward spiral the past five years, with the stock cut in half during that time. However, the stock has stabilized this year and the Chinese e-commerce giant appears to being making progress in its turnaround.
Let's take a closer look at its most recent earnings and why the stock looks like a good investment at these levels after its big pullback.
For its fiscal first quarter, Alibaba's revenue rose 4% to $33.5 billion. Adjusted earnings per ADS (American depositary share) fell 5% in the quarter to $2.26, while adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) slid 2% to $7 billion. Free cash flow came in at $2.4 billion.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
€76.20
2.010%
The stock is one of the favorites of our community with 45 Buy predictions and 3 Sell predictions.
With a target price of 106 € there is a positive potential of 39.11% for Alibaba Group Holding Ltd ADR compared to the current price of 76.2 €.
